“Nice idea, but it doesn’t work in practice.” How often have socialists had this claim thrown back at them? And now, after the events of 1989, many of the Left are openly wondering what a defensible idea of socialism would be. This work addresses this question, taking as its point of departure John Roemer’s model of “coupon socialism”. Roemer’s model aims to combine the market with a commitment to equality through a simple, yet starkly radical, proposal: all citizens would receive an equal number of coupons with which to buy ownership rights (voting, dividends) in companies. These coupons would constitute a second, separate form of currency, but could not be exchanged for ordinary money, nor transferred to other people. Not all the contributors to this collection endorse Roemer’s working model of market socialism, but they are all stimulated by his foray into a “real utopia”.
John Roemer challenges the morality of an economic system based on the private ownership of the means of production. Unless you start with a certain amount of wealth in such a society, you are only "free to lose." This book addresses crucial questions of political philosophy and normative economics in terms understandable by readers with a minimal knowledge of economics.
Fifteen essays, written over the past dozen years, explore contemporary philosophical debates on egalitarianism, using the tools of modern economic theory, general equilibrium theory, game theory, and the theory of mechanism design.
Many believe that equality of opportunity will be achieved when the prospects of children no longer depend upon the wealth and education of their parents. The institution through which the link between child and parental prospects may be weakened is public education. Many also believe that democracy is the political institution that will bring about justice. This study, first published in 2006, asks whether democracy, modeled as competition between political parties that represent different interests in the polity, will result in educational funding policies that will, at least eventually, produce citizens who have equal capacities (human capital), thus breaking the link between family background and child prospects. In other words, will democracy engender, through the educational finance policies it produces, a state of equal opportunity in the long run?
John Roemer points out that there are two views of equality of opportunity that are widely held today. The first, which he calls the nondiscrimination principle, states that in the competition for positions in society, individuals should be judged only on attributes relevant to the performance of the duties of the position in question. Attributes such as race or sex should not be taken into account. The second states that society should do what it can to level the playing field among persons who compete for positions, especially during their formative years, so that all those who have the relevant potential attributes can be considered. Common to both positions is that at some point the principle of equal opportunity holds individuals accountable for achievements of particular objectives, whether they be education, employment, health, or income. Roemer argues that there is consequently a "before" and an "after" in the notion of equality of opportunity: before the competition starts, opportunities must be equalized, by social intervention if need be; but after it begins, individuals are on their own. The different views of equal opportunity should be judged according to where they place the starting gate which separates "before" from "after." Roemer works out in a precise way how to determine the location of the starting gate in the different views.
John Roemer presents a unified and rigorous theory of political competition between parties and he models the theory under many specifications, including whether parties are policy oriented or oriented toward winning, whether they are certain or uncertain about voter preferences, and whether the policy space is uni- or multidimensional.
In this text, Roemer proposes a new future of socialism based on a redefinition of market socialism. The Achille's heel of socialism has always been maintaining innovation and efficiency in an economy in which income is equally distributed. Roemer points out that large capitalist firms have already solved a similar problem: in those firms, profits are distributed to numerous shareholders, yet they continue to innovate and compete. The author argues for a modified version of socialism, not necessarily based on public ownership, but founded on equality of opportunity and political influence.
Conservative politicians in the last thirty years have capitalized on voters' resentment of ethnic minorities to win votes and undermine government aid to the poor. Racism, Xenophobia, and Distribution offers a theoretical model to calculate the effect of voters' attitudes about race and immigration on political parties' stances.
A new theory of how and why we cooperate, drawing from economics, political theory, and philosophy to challenge the conventional wisdom of game theory Game theory explains competitive behavior by working from the premise that people are self-interested. People don't just compete, however; they also cooperate. John Roemer argues that attempts by orthodox game theorists to account for cooperation leave much to be desired. Unlike competing players, cooperating players take those actions that they would like others to take--which Roemer calls "Kantian optimization." Through rigorous reasoning and modeling, Roemer demonstrates a simpler theory of cooperative behavior than the standard model provides.
John Roemer has written a unique book that critiques economists' conceptions of justice from a philosophical perspective and philosophical theories of distributive justice from an economic one.
The authors provide a normative approach to global warming that they call sustainability. It consists in finding an economic path that, while satisfying environmental and other constraints, would maintain human welfare for all future generations. They also explain why the current discounted utilitarian approach is unsatisfactory. The book has many original arguments expressed in a clear, logical structure. It should be required reading for graduate students in public economics."--Phillipe De Donder, Toulouse School of Economics "This book should be of great interest to economists working in the field of climate change, particularly those who would like to explore alternatives to the dominant paradigm of discounted utilitarianism. Rejecting that paradigm, the authors evaluate climate policy using sustainability criteria, requiring either that future generations have the same level of utility as earlier generations or that utility grows by at least a fixed rate."-Larry S. Karp, University of California, Berkeley
The leading reference in the field of geriatric care, Brocklehurst's Textbook of Geriatric Medicine and Gerontology, 8th Edition, provides a contemporary, global perspective on topics of importance to today's gerontologists, internal medicine physicians, and family doctors. An increased focus on frailty, along with coverage of key issues in gerontology, disease-specific geriatrics, and complex syndromes specific to the elderly, makes this 8th Edition the reference you'll turn to in order to meet the unique challenges posed by this growing patient population. - Consistent discussions of clinical manifestations, diagnosis, prevention, treatment, and more make reference quick and easy. - More than 250 figures, including algorithms, photographs, and tables, complement the text and help you find what you need on a given condition. - Clinical relevance of the latest scientific findings helps you easily apply the material to everyday practice. - A new chapter on frailty, plus an emphasis on frailty throughout the book, addresses the complex medical and social issues that affect care, and the specific knowledge and skills essential for meeting your patients' complex needs. - New content brings you up to date with information on gerontechnology, emergency and pre-hospital care, HIV and aging, intensive treatment of older adults, telemedicine, the built environment, and transcultural geriatrics. - New editor Professor John Young brings a fresh perspective and unique expertise to this edition.
Was the assassination of John F. Kennedy actually masterminded by a desperate mob boss? The House Select Committee on Assassinations seemed to agree; it named New Orleans Mafioso Carlos Marcello its prime suspect in 1979. Now, in Mafia Kingfish, John H. Davis reveals stunning new evidence of Marcello's complicity in the murders of both John and Robert Kennedy.
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