RT Article
T1 Luck, Risk and the Market
JF Ethical theory and moral practice
VO 17
IS 4
SP 667
OP 680
A1 Lazenby, Hugh
LA English
PB Springer Science + Business Media B. V
YR 2014
UL https://ixtheo.de/Record/1785698400
AB This paper explores how luck egalitarianism fares in capturing our intuitions about the fairness of market-generated outcomes. Critics of luck egalitarianism have argued that it places no restrictions on what outcomes are acceptable, at least when all agents are equally situated before entering the market, and that this gives us a reason to reject it as an account of fairness. I will argue that luck egalitarianism does make specific judgements about which market-generated outcomes are compatible with maintaining a fair distribution. In addition, I will argue that luck egalitarian prescriptions accord with our pre-theoretical intuitions about the (un)fairness of certain market-generated outcomes. Securing these points both speaks in favour of luck egalitarianism as an ethical principle and provides a framework within which to analyze the fairness of practical, real world cases.
K1 Markets
K1 Risk
K1 Responsibility
K1 Luck Egalitarianism
DO 10.1007/s10677-013-9454-z