This paper responds to six contributions to a symposium on my 2018 book, The Community of Advantage. I defend that book’s claim that most normative behavioural economics implicitly uses a psychologically ungrounded model of an ‘inner rational agent’. I also defend the claim that, given the contractarian approach taken in the book, opportunity is normatively prior to welfare and to particular ingredients of well-being, such as health and perceptions of agency. I show how the Strong Interactive Opportunity Criterion proposed in the book can be extended to allow comparisons between the extent of opportunity provided by different economic regimes.
|Number of pages||12|
|Journal||Journal of Economic Methodology|
|Early online date||26 Oct 2021|
|Publication status||Published - Dec 2021|
- behavioural economics
- competitive market
- mutual benefit