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Last updated 4:40 PM on 10/16/26
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25 Terms

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Consequentialism

An action is right (morally permissible) if and only if its consequences are better than any alternative.

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Utilitarianism:

An action is right if and only if it results in at least as much total

“happiness” as any other action.

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Contractualism (Rawls)

Principles are just if and only if people behind the “veil

of ignorance” would agree to them.

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Veil of ignorance (Rawls)

People behind the veil of ignorance do not know anything about their own—or anyone else’s—characteristics, income, or abilities.

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Fair Equality of opportunity principle (Rawls)

Among social arrangements that satisfy the equal liberty principle, there is no discrimination in opportunities across groups.

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Difference principle (Rawls)

Among social arrangements that satisfy the equal liberty principle, the remaining inequalities are fair if they work to the greatest benefit of the worst-off group.

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Equal liberty principle

People have individual liberties/rights to the extent that they do not interfere with other people’s liberties.

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Market failure/imperfection:

An adverse outcome in a free market system in

which the forces of supply and demand fail to ensure the efficient distribution of

goods and services.

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Externality

A type of market imperfection. A side effect or consequence of an

economic activity that affects other parties without being reflected in market

prices

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Information asymmetries:

A type of market imperfection. A side effect or consequence of an economic activity when one party has more information than the other.

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Boilerplate (in writing)

Prefabricated, unoriginal, and predictable prose.

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Structure:

Formal rules and delegation.

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Craft

Skilled leadership

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Culture

Informal beliefs and norms (including artifacts, espoused values, and

underlying assumptions)

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State capacity:

The “ability” of a government to achieve its goals.

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Implementation

The actual mechanisms needed to achieve goals.

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Proceduralism:

A type of barrier to implementation. Adding rules/procedures instead of directly solving issues.

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Politicization

A type of barrier to implementation. Prioritization of political loyalty over merit- or knowledge-based selection.

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Negativity bias

Consequences for bad actions/policies are more salient than rewards for good ones.

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Positivity bias

Individuals give themselves more credit for positive outcomes than they deserve.

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Creeping determinism:

Retrospectively supposing that patterns were clear and events were predictable.

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Administrative burdens:

Individual agents have costly (learning, compliance, or

psychological costs) interactions and experiences with the government.

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Economic history

The analysis of economic events that happened historically.

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Bourgeoisie

capitalists; those who own businesses.

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Proletariat

Workers; seen as merely an input to production.