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In social choice and operations research, the egalitarian rule (also called the max-min rule or the Rawlsian rule) is a rule saying that, among all possible alternatives, society should pick the alternative which maximizes the minimum utility of all individuals in society.
The utilitarian or Benthamite social welfare function measures social welfare as the total or sum of individual utilities: = = where is social welfare and is the income of individual among individuals in society. In this case, maximizing the social welfare means maximizing the total income of the people in the society, without regard to how ...
Welfare economics is a field of economics that applies microeconomic techniques to evaluate the overall well-being (welfare) of a society. [1]The principles of welfare economics are often used to inform public economics, which focuses on the ways in which government intervention can improve social welfare.
Rawls belongs to the social contract tradition, although he takes a different view from that of previous thinkers. Specifically, Rawls develops what he claims are principles of justice through the use of an artificial device or thought experiment he calls the Original position; in which, everyone decides principles of justice from behind a veil of ignorance.
The exact price varies greatly based on the kind of division, the kind of fairness and the kind of social welfare we are interested in. The most well-studied type of social welfare is utilitarian social welfare , defined as the sum of the (normalized) utilities of all agents.
(b) Social and economic inequalities are to satisfy two conditions: first, they are to be attached to offices and positions open to all under conditions of fair equality of opportunity; and second, they are to be to the greatest benefit of the least-advantaged members of society (the difference principle).
The Windfall Elimination Provision affects people who qualify for Social Security benefits through their job but also receive a pension from another job where they didn't pay into Social Security.
John Bordley Rawls (/ r ɔː l z /; [2] February 21, 1921 – November 24, 2002) was an American moral, legal and political philosopher in the modern liberal tradition. [3] [4] Rawls has been described as one of the most influential political philosophers of the 20th century.