2021
DOI: 10.1111/ajps.12631
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Is Justice a Fixed Point?

Abstract: Following the work of John Rawls, political theorists have fixated on the comparative stability of different equilibrium states of justice. This article identifies a crucial gap in this literature, namely, the lack of attention paid to nonequilibrating systems. Drawing on Kakutani's theorem, I present plausible cases in which society will fail to exhibit any equilibrium states of justice. An important implication for political theory is that, rather than focusing exclusively on stable equilibria, theorists sho… Show more

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Cited by 3 publications
(2 citation statements)
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“… 10. Schaefer (2021: 4). Gerard Debreu, who won the 1983 Nobel Prize in Economics for his contributions to general equilibrium theory, once described Kakutani's theorem as “the most powerful tool for the proof of existence of an economic equilibrium”; Debreu (1982: 698) For use of the theorem in establishing the existence of a competitive (Walrasian) equilibrium, see McKenzie (1981).…”
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confidence: 98%
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“… 10. Schaefer (2021: 4). Gerard Debreu, who won the 1983 Nobel Prize in Economics for his contributions to general equilibrium theory, once described Kakutani's theorem as “the most powerful tool for the proof of existence of an economic equilibrium”; Debreu (1982: 698) For use of the theorem in establishing the existence of a competitive (Walrasian) equilibrium, see McKenzie (1981).…”
mentioning
confidence: 98%
“… 40. Thus at Schaefer (2021: 11), Schaefer credits Thrasher and Vallier with. “a major advance over prevailing static theories,” but immediately pronounces their approach “insufficiently radical.”…”
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confidence: 99%