A different kind of "blog," consisting of selections from my scribblings over many years. The date of each post is the date I originally wrote that piece. So, the top post is usually not the latest post, because I continually add writings from different years to the blog. If you have visited here before, you are likely to find new posts anywhere on the page. I'll continue to add "new" posts as my time allows.
31 May 1993
Justice vs Efficiency
Bob Rae said a while back that he was trying to
reconcile social justice with economic efficiency. But that is a false dichotomy. The issue is not social justice vs. economic
efficiency, because that is like saying the issue is social justice vs. social
injustice, i.e., which is better. “Economic
efficiency” means profitability. It does
not mean an optimal way of doing things, where by optimal is
meant the way that takes all costs and benefits into account, and
therefore seeks to have the maximum productivity with the minimum possible
costs and the maximum possible benefits.
Therefore, the most costly and destructive way of doing things may in
fact be the way that is most “economically efficient.” Social justice has never been, and will never
be, reconcilable that “economic efficiency.”
The best proof that the advocates of economic efficiency have social
justice as the furthest thing on their minds is that they can “rationally” ask
whether social injustice is economically efficient.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment