(Paperback)

Governments and institutions, perhaps even more than markets, determine who gets what in our society. This title offers a systematic explanation of what we mean by fairness in distributing public resources and burdens, and applies the theory to actual cases.

(Paperback)

In this volume, the author argues for a realistic view in which people have a limited understanding of their environment. He seeks to show how the cumulative experiences of many individuals coalesce over time into customs, norms and institutions that govern economic and social life. He develops a theory that predicts how such institutions evolve and characterizes their welfare properties.