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Unformatted text preview: 50:50 distribution may be preferred on the basis on non-economic measures, such as fairness. James Buchanan -We are unable to come up with results based criteria; all we can do is come up with fair procedures.-What is necessary in order to establish fair procedures: rules of law established in constitution, once laws are in place let it run Problem: Whose stuff is it anyways? Example: Civil War, slaves have nothing, making it impossible to come up with a constitution from scratch that ignores the effects of history. Another problem: perfect procedures can be in place, but can end up producing an outcome that people dislike. Question: Is voting intrinsically a case where some people would lose and others would win?...
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- Spring '09