Justice and Equity

the long version

Justice and Equity is the first English translation of Kolm's classic on the foundations of normative economics. The principles established in this work form the basis of the major lines of study in the field. The central of these principles are the ideal equalities in freedom (related to non-envy) and in happiness (approximated by the efficient leximin in fundamental utility). Kolm also presents related principles such as fundamental dominance and majorities, realistic equity, and adequacies. He analyzes thoroughly the reasons, properties, and consequences of these principles. A foreword presents the rational necessity of equality and the theory of interpersonal comparisons.