Ethical Theory and Moral Practice 17 (4):667-680 (2014)

Authors
Hugh Lazenby
University of Glasgow
Abstract
This paper explores how luck egalitarianism fares in capturing our intuitions about the fairness of market-generated outcomes. Critics of luck egalitarianism have argued that it places no restrictions on what outcomes are acceptable, at least when all agents are equally situated before entering the market, and that this gives us a reason to reject it as an account of fairness. I will argue that luck egalitarianism does make specific judgements about which market-generated outcomes are compatible with maintaining a fair distribution. In addition, I will argue that luck egalitarian prescriptions accord with our pre-theoretical intuitions about the (un)fairness of certain market-generated outcomes. Securing these points both speaks in favour of luck egalitarianism as an ethical principle and provides a framework within which to analyze the fairness of practical, real world cases
Keywords Luck egalitarianism  Responsibility  Risk  Markets
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DOI 10.1007/s10677-013-9454-z
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References found in this work BETA

What We Owe to Each Other.Thomas Scanlon - 1998 - Belknap Press of Harvard University Press.
What We Owe to Each Other.Thomas Scanlon - 2002 - Mind 111 (442):323-354.
Capitalism and Freedom.Milton Friedman - 1962 - Ethics 74 (1):70-72.

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Individually Allocating Principles and Market Risks.Tobey Scharding - 2016 - Public Affairs Quarterly 30 (3):259-279.

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