Foundations of Law and Economics
Fairness versus Welfare
Louis Kaplow and Steven M. Shavell
- Year
- 2001
- Venue
- Harvard Law Review
- Level
- Advanced
Summary
Argues that legal-policy assessment should be based on effects on individuals' well-being rather than independent fairness criteria, while distinguishing welfare analysis from separate questions of income distribution. The article is a central reference for debates over welfarism, corrective justice, policy evaluation, and the normative limits of economic analysis.
Citation
Louis Kaplow and Steven M. Shavell. "Fairness versus Welfare." Harvard Law Review, 2001.
BibTeX
@article{Kaplow2001Fairness,
title = {Fairness versus Welfare},
author = {Louis Kaplow and Steven M. Shavell},
year = {2001},
journal = {Harvard Law Review},
url = {https://hls.harvard.edu/bibliography/fairness-versus-welfare/}
}