Survey Article: Philosophy and Public Policy after Piketty

O’Neill, Martin

doi:10.1111/jopp.12129

Cited by 28 publications

(9 citation statements)

References 73 publications

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“…After all, the UK was the beneficiary of a massive windfall gain from the 1960s in the form of North Sea oil. In principle, the UK government could have acted in a similar way to many other governments enjoying such windfalls, putting some of the revenues generated by North Sea oil extraction into a public investment fund so that the benefit of the windfall is not concentrated on one generation [Cummine, (2016), pp.19-35;O'Neill, 2016b;2016c). This would have been one route to a Citizens' Trust, akin to the creation of the Permanent Fund in Alaska.…”

Section: The Citizens' Trust In Uk Policy Discussionmentioning

confidence: 99%

James Meade, public ownership, and the idea of a citizens' trust

O’Neill

White

2019

IJPP

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James Meade argued that public ownership of productive assets should have a central role in a 'liberal socialist' economy. While somewhat sceptical of the state seeking to run specific firms or industries, Meade argued that the state should own a significant share of a society's productive assets, using the return on the assets to promote a more equal distribution of income (e.g., through payment of a universal social dividend). This paper traces the development of Meade's thinking around this citizens' trust concept; explores its influence in UK policy discussions; and makes the case for the continuing relevance of the proposal in response to contemporary economic developments.

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Section: The Citizens' Trust In Uk Policy Discussionmentioning

confidence: 99%

James Meade, public ownership, and the idea of a citizens' trust

O’Neill

White

2019

IJPP

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“…By contrast, egalitarian liberals see the United States as deviating substantially from any plausible notion of justice as fairness. They endorse Rawls' proposed theoretical alternatives to capitalism, liberal socialism and property-owning democracy (O'Neill 2017). When looking at real-world examples, egalitarian liberals point to successful welfare-state regimes such as Sweden and Denmark.…”

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confidence: 88%

Basic Economic Liberties: John Rawls and Adam Smith Reconciled

Cowen

2020

SSRN Journal

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The moral status of economic liberty is a critical point of contention within liberal theory. Classical liberals, including Tomasi, suggest that economic activity is fundamental for exercising personal autonomy and its protection to be to the overall benefit of all persons. By contrast, egalitarian liberals, following Rawls, argue that economic activity is not a sufficiently significant site of moral development. Drawing on contemporary interpretations of Adam Smith, I argue that commercial practices cultivate attitudes of mutual trust and respect in a way that is unique and necessary for developing the moral powers. Although they need not be universally exercised, basic economic liberties must be available to all. While rejecting laissez-faire, this case suggests that well-ordered societies must protect a substantial degree of commercial activity as part of the basic structure.

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“…See also Breen (2015; González-Ricoy (2014;, Landemore & Ferreras (2016), and Néron (2015) as cited in Hirvonen & Breen (2020). See also Hsieh (2005;2009) as cited in O'Neill (2017). This essay has five sections.…”

Section: §1 Introductionmentioning

confidence: 99%

On the Efficiency Objection to Workplace Democracy

Walters

2021

Ethic Theory Moral Prac

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Are workers dominated? A recent suite of neo-republican and relational egalitarian philosophers think they are. Suppose they are right; that is, suppose that some workers are governed by an unjust and arbitrary power existing in labour relations, which persists even in the presence of the actual ability to exit. My question is this: does that give us reason to impose restrictions on firms? According to the so-called Efficiency Objection there are relevant trade-offs that need to be considered between the efficiency of firms and the freedom of workers, and upon considering these trade-offs, we should reject workplace democracy. In this paper, I present a dilemma for the Efficiency Objection. I argue that either the Efficiency Objection is justified on moral grounds or non-moral grounds; if the Efficiency Objection is justified on moral grounds, then it fails because efficiency cannot be valued for its own sake (it is only instrumentally good); if the Efficiency Objection is justified on nonmoral grounds, then it fails because of the respect that we owe to persons as persons;therefore, the Efficiency Objection fails.

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Survey Article: Philosophy and Public Policy after Piketty

Cited by 28 publications

References 73 publications

James Meade, public ownership, and the idea of a citizens' trust

James Meade, public ownership, and the idea of a citizens' trust

Basic Economic Liberties: John Rawls and Adam Smith Reconciled

On the Efficiency Objection to Workplace Democracy

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