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Consider economies in which individuals differ both in their wage and their preferences. Assume we want to compensate them for their wage, while staying neutral
Consider economies in which individuals differ both in their wage and their preferences. Assume we want to compensate them for their wage, while staying neutral with respect to their preferences. In which sense can we say that the principle of compensation is harder to reconcile with Pareto efficiency than the principle of natural reward?
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The principle of compensation aims to compensate individuals based on their contributions or characteristics such as their wage while remaining neutra...
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Understanding Business Ethics
Authors: Peter A. Stanwick, Sarah D. Stanwick
3rd Edition
1506303234, 9781506303239
