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- W2340892833 abstract "There exist various socio-economic thoughts to which all (or most) of us agree: Information should be symmetric. Monopoly should be regulated. Slavery should not exist. Theft should be prohibited. Air pollution should be regulated. Trades/contracts should be based on agreement among the people involved. Interestingly, all of these socio-economic thoughts claim one thing in common; a “socio-economic relation” should not be favorable to any of the people involved. Put differently, we think in various situations that “socio-economic relations” should be “symmetric”. As expected, this is not a coincidence. We can prove (as a “general principle”) that we should try to achieve symmetric socio-economic relations in every socio-economic situation, only if we assume that we should make impartial and unanimous judgments. This “general principle of symmetric socio-economic relations” is important from the viewpoint of economic design, because the general principle can be applied to various specific situations and can tell us what kind of socio-economic policies should be designed. Macroeconomics is a good example." @default.
- W2340892833 created "2016-06-24" @default.
- W2340892833 creator A5040073835 @default.
- W2340892833 date "2010-01-01" @default.
- W2340892833 modified "2023-09-24" @default.
- W2340892833 title "General Principle of Symmetric Socio-Economic Relations A General Formula to Design Socio-Economic Policies" @default.
- W2340892833 doi "https://doi.org/10.2139/ssrn.2418265" @default.
- W2340892833 hasPublicationYear "2010" @default.
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