2023-06-18
Books:
Auction, Insurance, and Free Market, etc. are part of Ronald Dworkin’s theory of ‘equality of resources’
This theory is contained in his book ‘Sovereign Virtue(2000)’
Dworkin is considered as founder of ‘Luck Egalitarianism’- that is brute luck, social or natural, should not effect the distributive justice
He gave Rights as Trump.
Equality of Resources
Based on principles of Luck Egalitarianism
It constructs an Imaginary market procedure for distribution of resources in a society
equal auction in Initial position: All ‘equal’ participate in fair bidding for resources of their choice
Fair Insurance market: Risk pooling or luck sharing for brute bad luck and option luck
It objected any interference of state; It was purely marked based arrangements.
principle of resource equalization
distributive justice that is often associated with the principle of resource equalization. Dworkin's approach to distributive justice focuses on ensuring that individuals have equal access to the resources and opportunities necessary for a meaningful life, while also recognizing the importance of individual responsibility and effort.