Question

In: Economics

define the term intertemporal fairness

define the term intertemporal fairness

Solutions

Expert Solution

according to John Rawls theory it suggests that one way to derive general principles of justice is to place (hypothetically) all people into an original position behind a veil of ignorance. VOI would prevent them from knowing their eventual position in society. people would then be asked to decide on rules to govern society
and according to sustainability criterion it suggests that, at a minimum, future generations should be left no worse off than current generations. allocations that impoverish future generations in order to enrich current generations are patently unfair. can use (depletable) resources as long as future generations will be protected


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