Lecture with Tutorial in WS 2022/2023
Prof. Dr. Bernhard Neumärker
Götz Werner Chair of Economic Policy and Constitutional Economic Theory
Lecture: Prof. Dr. Bernhard Neumärker
Tutorial: Marcel Franke
Have any questions? Feel free to write a mail to marcel.franke (AT) vwl.uni-freiburg.de
Target Group and Language
- This elective course is designated for students of the M.Sc. Economics program (economics and politics), the M.Sc. VWL program, the M.Sc. BWL program, and Diplom-Students (Hauptstudium). Exchange students are equally welcome to participate.
- If students of other programs and faculties (e.g. political science) wish to participate, they should contact the tutor by email before the third week of the semester.
- Recommended prerequisites: Good knowledge of microeconomics, preferably knowledge from the courses „Economic Policy and Public Choice“ (winter terms) and „Constitutional Economics“ (summer terms).
- This module is entirely taught in English.
Credits: 4 or 6 ECTS
- M.Sc. Economics: Elective for profiles ‘Economics and Politics’, ‘Finance’, and ‘Information Systems and Network Economics’.
- M.Sc. VWL (PO2014): „Constitutional Economics and Competition Policy“, „Public Sector Economics and International Taxation“, „Corporate Governance and Business Ethics“.
- M.Sc. VWL (PO2011): „Wirtschaftspolitik (Ordnungspolitik)“.
- M.Sc. BWL: „Public Sector Economics“, „VWL“.
- Diplom VWL: „Wirtschaftspolitik (Ordnungspolitik)“, „Ordnungs- und Wettbewerbspolitik“, „Sozialpolitik“.
- 4 ECTS: lecture
- 6 ECTS: lecture and tutorial.
- Outlines and slides will be provided at this website.
- Literature and presentations will be provided on ILIAS.
Outline and Introductory References
Practical policy choices involve sacrificing the well-being and the means of some for the benefits of others, as compared with alternatives that could have been chosen. Even if it is not the only thing that matters, the problem of distributive justice is essential, omnipresent and inevitable. Economists not only have failed to answer the questions of the just distribution, but have tried harder to avoid the problem than to solve it. They have a great deal to say about efficiency and potential compensation, but they are nearly silent concerning meaningful principles of justice and their effects on economic policy. One has to integrate the following normative and positive aspects of justice into the analysis of economic policy: Is social justice equality? Why (or why not)? Among whom? Is equality to each according to her abilities, her work or her consumption? Or else is it equality of opportunities, liberties, powers and/or rights? Do we need a just process or a just outcome of policy making? What are the most important elements of a just constitution? How is the reason of just rules applied to daily economic policy?
- Basic Issues and Theoretical Foundations
- Modern Concepts of Economic Justice
- Binmore, K.: Natural Justice, Oxford et al. 2005.
- Kolm, S.-C.: Modern Theories of Justice, Cambridge/MA 1996.
- Mueller, D.C.: Public Choice III, Cambridge 2003.
- Roemer, J.E.: Theories of Distributive Justice, Cambridge/MA 1996.
- Sabbagh, C., Schmitt, M.: Handbook of Social Justice Theory and Research, New York, Springer 2016.
- Young, H.P.: Equity in Theory and Practice, Princeton/NJ 1994.
- Tomasi, J.: Free market fairness, Princeton 2012.