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Probable Justice

Risk, Insurance, and the Welfare State

Rachel Z Friedman

$190.95

Hardback

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English
University of Chicago Press
22 September 2020
Decades into its existence as a foundational aspect of modern political and economic life, the welfare state has become a political cudgel, used to assign blame for ballooning national debt and tout the need for personal responsibility. At the same time, it affects nearly every citizen and permeates daily life—in the form of pension, disability, and unemployment benefits, healthcare and parental leave policies, and more. At the core of that disjunction is the question of how we as a society decide who should get what benefits—and how much we are willing to pay to do so.

Probable Justice​ traces a history of social insurance from the eighteenth century to today, from the earliest ideas of social accountability through the advanced welfare state of collective responsibility and risk. At the heart of Rachel Z. Friedman’s investigation is a study of how probability theory allows social insurance systems to flexibly measure risk and distribute coverage. The political genius of social insurance, Friedman shows, is that it allows for various accommodations of needs, risks, financing, and political aims—and thereby promotes security and fairness for citizens of liberal democracies.

By:  
Imprint:   University of Chicago Press
Country of Publication:   United States
Dimensions:   Height: 229mm,  Width: 152mm, 
ISBN:   9780226730769
ISBN 10:   022673076X
Pages:   272
Publication Date:  
Audience:   General/trade ,  ELT Advanced
Format:   Hardback
Publisher's Status:   Active
Introduction  Chapter 1: The Origins of Risk and the Growth of Insurance   Insurance: A Brief Primer   The Early History of Modern Insurance   Probability Theory and the Doctrine of Aleatory Contracts   Life Insurance and Probabilistic Justice   Chapter 2: Probabilistic Justice and the Beginnings of Social Insurance   Precursors to Social Insurance   The First Social Insurance Plans: Mutual Insurance Writ Large   Chapter 3: The Promise of Probability   The Practical Aims of Late-Classical Probability   Between Individual Choice and Social Responsibility   Social Insurance in Theory and in Practice   Chapter 4: The Collectivization of Risk and the Early Welfare States   The Rise of the Collective View of Chance   Risk in the Early Welfare States   Chapter 5: The Egalitarian Welfare State and the Ambiguities of Insurance   The Egalitarian Welfare State Emerges   Subjective Probability and the Personalization of Chance   The Egalitarian Welfare State without Probability   The Fate of Social Insurance in the Twentieth Century and Beyond   Conclusion  Acknowledgments   Notes   Index

Rachel Z. Friedman is a member of the Buchmann Faculty of Law and a faculty affiliate of the Edmond J. Safra Center for Ethics at Tel Aviv University.

Reviews for Probable Justice: Risk, Insurance, and the Welfare State

Friedman powerfully brings together three traditions of thought: theory on risk and probability, ethical principles of distributive justice, and political theory on the purpose of social insurance or the welfare state. Her image of civil society as a great mutual insurer with coercive power will reorient political thinking on the welfare state. --James Franklin, author of The Science of Conjecture: Evidence and Probability Before Pascal Friedman's thoughtful and thought-provoking study reveals how diverse conceptions of probability have always been morally tinged. Whether framed as prudential individualism, frequentist solidarity, or a subjective bet, how we calculate risk turns out to have far-reaching consequences for how we think about what the state owes its citizens and citizens owe each other. --Lorraine Daston, coauthor of How Reason Almost Lost Its Mind: The Strange Career of Cold War Rationality Probable Justice?advances a strikingly original--and quite brilliant--argument about the common duality of probability as a philosophical concept and social insurance as a political expedient, both of which Friedman reveals are essentially 'Janus-faced.' --William P. Deringer, author of Calculated Values: Finance, Politics, and the Quantitative Age Probable Justice is a brilliant synthesis of the history of insurance and theories of probability. It combines social theory (e.g., social insurance and the welfare state) with an outstanding discussion of the ambiguities in probability theory. One of the most illuminating books I have encountered on the influence of probabilistic ideas on theories of justice. --Morton Horwitz, author of The Warren Court and the Pursuit of Justice


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