A response to six comments on The Community of Advantage

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Abstract

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.
Original languageEnglish
Pages (from-to)419-430
Number of pages12
JournalJournal of Economic Methodology
Volume28
Issue number4
Early online date26 Oct 2021
DOIs
Publication statusPublished - Dec 2021

Keywords

  • behavioural economics
  • competitive market
  • mutual benefit
  • contractarianism
  • opportunity

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