caa a22 4500 465809006 CHVBK 20180323112111.0 cr unu---uuuuu 170327e19901201xx s 000 0 eng 10.1007/BF02393034 doi (NATIONALLICENCE)springer-10.1007/BF02393034 McClennen Edward Department of Philosophy, Washington University, 63130, St. Louis, Mo aut Foundational explorations for a normative theory of political economy [Elektronische Daten] [Edward McClennen] I set out an individualistic and pragmatic choice framework for a normative theory of political economy, and argue that, given pluralism with respect to individual ends, a consensus on any political or economic institution presupposes that it is perceived to serve as a public means to private ends. Concerning the crucial question of the distribution of the benefits that political and economic cooperation can make possible, I argue that the various models typically employed—those pertaining to competitive market interaction, decision making under uncertainty, bargaining theory, and social choice theory—fail to provide for a stable consensus, i.e., one that is resistant to non-compliance and renegotiation. Since, however, such instabilities are mutually disadvantageous, these approaches fail to establish how rational individuals can capture all the gains that cooperation makes possible. Appealing to a modified version of the social-psychological construction that Rawls introduces in chapter 8 ofA Theory of Justice I argue that stability is a function of a perceived sense of mutual concern. I conclude by arguing that Rawls own egalitarian/efficiency principle gives natural expression to such a concern, and thus can serve as the object of a stable consensus. George Mason University, 1990 Constitutional Political Economy Kluwer Academic Publishers 1/1(1990-12-01), 67-99 1043-4062 1:1<67 1990 1 10602 https://doi.org/10.1007/BF02393034 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF02393034 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- McClennen Edward Department of Philosophy, Washington University, 63130, St. Louis, Mo aut NATIONALLICENCE 773 0- Constitutional Political Economy Kluwer Academic Publishers 1/1(1990-12-01), 67-99 1043-4062 1:1<67 1990 1 10602 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer