專欄籃球

Basketball shows high banker pay not a slam dunk

The only things I know about basketball are that Wilt Chamberlain was seven feet tall and that he scored a hundred points when he led the Philadelphia Warriors to victory over the New York Knicks in 1962. I know these facts because Chamberlain is a central figure in the seminal work Anarchy, State and Utopia by the American political philosopher Robert Nozick.

Nozick invites us to imagine a world that we think is perfectly just. But then Chamberlain appears, and we all have the opportunity to watch him play. Chamberlain insists that he will only take to the court if everyone puts 25c in a special box marked “for Wilt Chamberlain”. Over a season, a million fans consider 25 cents a small price to pay for this pleasure, and so his box contains a quarter of a million dollars. The fans who put their money in Chamberlain’s box are happier, Chamberlain is richer, and people who are not interested in basketball are in the same position as before. If the distribution before Chamberlain was just, how can you dispute the justice of the distribution after Chamberlain?

There are some practical problems about this story, but these do not concern great philosophers. Nozick wishes to argue that justice can never be defined by reference to the distribution of outcomes – which is what those who present egalitarian arguments try to do. Any such just outcome could, and would, be upset by voluntary transactions whose effect might be inegalitarian but which left everyone better off. Traders, celebrities and business people might struggle with Nozick’s philosophy but they love his conclusion. He offers a principled rationale for the claim that the outcome of a market process is not only efficient but just. Fairness should be judged by access to opportunity, not by the perceived fairness of the result.

您已閱讀42%(1807字),剩餘58%(2453字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。
版權聲明:本文版權歸FT中文網所有,未經允許任何單位或個人不得轉載,複製或以任何其他方式使用本文全部或部分,侵權必究。

約翰•凱

約翰•凱(John Kay)從1995年開始爲英國《金融時報》撰寫經濟和商業的專欄。他曾經任教於倫敦商學院和牛津大學。目前他在倫敦經濟學院擔任訪問學者。他有著非常輝煌的從商經歷,曾經創辦和壯大了一家諮詢公司,然後將其轉售。約翰•凱著述甚豐,其中包括《企業成功的基礎》(Foundations of Corporate Success, 1993)、《市場的真相》(The Truth about Markets, 2003)和近期的《金融投資指南》(The Long and the Short of It: finance and investment for normally intelligent people who are not in the industry)。

相關文章

相關話題

設置字型大小×
最小
較小
默認
較大
最大
分享×