Fairness or Fairy Tale?

It’s been a bizzy week.  This repeat from ten years ago deals with a topic that has become a central issue in People’s Economics – fairness.  This first treatment of the topic wasn’t very helpful.  But it’s an interesting starting point.

Fairness is an important concept in this thing we call Civilization. If we all lived as hunters and gatherers on the grasslands, we wouldn’t have a lot of interaction with large groups of people. The inevitable disputes that arise could be settled by a simple code or the intervention of an elder.

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