Theories of Distributive Justice: Formal Models of Political Theory
We survey the main theories of distributive justice proposed by political philosophers since John Rawls, including A. Sen, R. Dworkin, G.A. Cohen, and R. Arneson. We use economic models to study these theories, and we critique them from the economic and philosophical viewpoints. We then read Thomas Piketty’s book Capital in the Twenty-First Century. If time permits, we introduce a microeconomic theory modeling how people cooperate in economic settings, to be contrasted with Nash equilibrium, a model of how people compete.