Our challenge is to derive more appropriate indicators to reflect real and sustainable economic welfare, social development and human well-being — tasks GDP was never intended to perform. Some advance other views.
So holding him fully responsible for the fortune he encounters through chosen gambles may make no sense if we follow through the underlying logic of the Dworkin proposal itself.
Not understanding the amount of interest I must pay is certainly dumb but also means that it cannot be considered an irrational decision. That I am unable to run fast or sing a tune on key may be largely due to my genetic endowment, which in this context we may take to be naturally rather than socially caused.
You set the plunger in the syringe at the correct dose volume. Selected Studies pp.
Differences in product quality can cause gross distortions in the measurement of inflation and the price deflators used to compare GDP growth over time. It should be noted that the issue, how to measure people's condition for purposes of a theory of equality, connects to a broader issue, how to measure people's condition for purposes of a theory of fair distribution.
And we choose two economies that are very different in their level of development: They do one of two things. Some theorists have explored the capability approach by tying it to an objective account of human well-being or flourishing.
Further norms of equality of condition or treatment might be viewed as free-standing or derived from the claim of equality of status.
All relevant questions will be answered immediately. Nozick interprets this Lockean Proviso as follows: For those who regard equality as a requirement of justice, the question arises, whether this is a timeless unchanging or instead a variable requirement.
Perhaps it is considered socially acceptable to have credit card balances something encouraged by credit card companies but not socially acceptable to have zero money saved.
In a similar spirit, one might invoke the idea that responsible individuals cannot acquiesce in the assumption of the responsibility on the part of the government to determine what is worthwhile and choiceworthy for them, for this responsibility rests squarely on each individual's shoulders and cannot legitimately be dislodged from that perch.
A society bent on sustaining equality of welfare would continue pouring resources down the drain if worse off individuals insist on negligently squandering whatever resources are expended on them in order to boost their welfare level up to the average level.
Two complications need to be introduced. In democratic societies where ordinary citizens are bombarded by information and asked to support the best policies, the absence of clear, reliable measures of economic welfare and social progress lead to endless debate, confusion, obfuscation, recriminations and even despair.
Success of physical and life sciences today are rooted in precise and adequate measurements married with sound theory. No-envy is not generally satisfiable, but there is a family of fairness norms that could be construed as egalitarian criteria for assessing distributions and that is resourcist in the basic sense of eschewing interpersonal welfare comparisons.
One might wonder for a start why the last of these should be normative for determining what we owe to Sally, who was raised in poverty and became paraplegic after a ski accident.
World income distribution in Countries are ranked by GDP per capita from left to right. For each country the heights of the bars show average income for deciles of the population, from the poorest 10% at the front to the richest 10% at the back. Oct 24, · "Income smoothing" is a broad term used to describe accounting techniques that aid in managing fluctuations in net income from one period to the following period.
Unlike creative or cookie jar accounting, income smoothing is not a practice that has the. We will discuss current income-smoothing strategies and tackle the issue of whether they are ethical.
Data included in our research will provide the Board points to consider when determining the standards to follow regarding policies of income smoothing at PTC.
Sep 15, · "Income smoothing" is a broad term used to describe accounting techniques that aid in managing fluctuations in net income from one period to the following period.
What is income smoothing? Income smoothing refers to reducing the fluctuations in a corporation's earnings. Income smoothing can range from good business methods to fraudulent reporting. Some business practices are ethical and will result in income smoothing.
1 The Ethics of Earnings Management: The Case of Income Smoothing James Gaa University of Alberta May May The Ethics of Earnings.Is smoothing income ethical