THE ROUTLEDGE HANDBOOK OF PHILOSOPHY, POLITICS, AND ECONOMICS This handbook advances the interdisciplinary field of Philosophy, Politics, and Economics (PPE) by identifying thirty-five topics of ongoing research. Instead of focusing on historically significant texts, it features experts talking about current debates. Individually, each chapter provides a resource for new research. Together, the chapters provide a thorough introduction to contemporary work in PPE, which makes it an ideal reader for a senior-year course. The handbook is organized into seven parts, each with its own introduction and five chapters: I. Frameworks II. Decision-Making III. Social Structures IV. Markets V. Economic Systems VI. Distributive Justice VII. Democracy The “Frameworks” part discusses common tools and perspectives in PPE, and the “Decision- Making” section shows different approaches to the study of choice. From there, parts on “Social Structures,” “Markets,” and “Economic Systems” each use tools from the three PPE disciplines to study and distinguish parts of society. The next part explains dominant theories and challenges to the paradigm of “Distributive Justice.” Finally, a part on “Democracy” offers five challenges to current democratic practice. C.M. Melenovsky is Assistant Professor of Philosophy and Director of the PPE program at Suffolk University, USA. His research focuses on social practices, institutions, moral conventionalism, and Rawlsian political philosophy. He is currently working on a book, Kantian Conventionalism, that reconciles the social contingency of obligations and rights with a Kantian moral framework. ROUTLEDGE HANDBOOKS IN PHILOSOPHY Routledge Handbooks in Philosophy are state-of-the-art surveys of emerging, newly refreshed, and im- portant fields in philosophy, providing accessible yet thorough assessments of key problems, themes, thinkers, and recent developments in research. All chapters for each volume are specially commissioned, and written by leading scholars in the field. Carefully edited and organized, Routledge Handbooks in Philosophy provide indispensable reference tools for students and researchers seeking a comprehensive overview of new and exciting topics in philosophy. They are also valuable teaching resources as accompaniments to textbooks, anthologies, and research-orientated publications. Also available: The Routledge Handbook of Philosophy and Improvisation in the Arts Edited by Alessandro Bertinetto and Marcello Ruta The Routledge Handbook of Idealism and Immaterialism Edited by Joshua Farris and Benedikt Paul Göcke The Routledge Handbook of Philosophy of Economics Edited by Conrad Heilmann and Julian Reiss The Routledge Handbook of Logical Empiricism Edited by Thomas Uebel and Christoph Limbeck-Lilienau The Routledge Handbook of Philosophy of Agency Edited by Luca Ferrero The Routledge Handbook of Propositions Edited by Adam Russell Murray and Chris Tillman The Routledge Handbook of Liberal Naturalism Edited by Mario De Caro and David Macarthur The Routledge Handbook of Philosophy, Politics, and Economics Edited by C.M. Melenovsky For more information about this series, please visit: https://www.routledge.com/Routledge- Handbooks-in-Philosophy/book-series/RHP THE ROUTLEDGE HANDBOOK OF PHILOSOPHY, POLITICS, AND ECONOMICS Edited by C.M. Melenovsky Cover image: © Getty Images First published 2022 by Routledge 605 Third Avenue, New York, NY 10158 and by Routledge 4 Park Square, Milton Park, Abingdon, Oxon, OX14 4RN Routledge is an imprint of the Taylor & Francis Group, an informa business © 2022 Taylor & Francis The right of C.M. Melenovsky to be identified as the author of the editorial material, and of the authors for their individual chapters, has been asserted in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988. All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe. Library of Congress Cataloguing-in-Publication Data A catalog record for this title has been requested ISBN: 978-0-367-40767-4 (hbk) ISBN: 978-1-032-25169-1 (pbk) ISBN: 978-0-367-80898-3 (ebk) DOI: 10.4324/9780367808983 Typeset in Bembo by MPS Limited, Dehradun CONTENTS List of Figures ix List of Tables x Notes on Contributors xii Preface xvii Introduction xix PART I Frameworks 1 Introduction to Part I 1 1 PPE as an Intellectual Enterprise 3 Geoffrey Brennan and Geoffrey Sayre-McCord 2 On Models and their Uses 17 James Johnson 3 Complexity 28 Fred D’Agostino 4 PPE in Marx’s Materialist Conception of History 43 Vanessa Wills 5 Feminist Theory 52 Ann E. Cudd v Contents PART II Decision-Making 65 Introduction to Part II 65 6 Game Theory 67 John Thrasher 7 Four Structures of Intransitive Preferences 81 Luc Bovens 8 Theories of Choice Behavior 94 Sudeep Bhatia 9 Rule-Following 108 Erik O. Kimbrough and Bart J. Wilson 10 Implicit Bias and Decision-Making 121 Lacey J. Davidson PART III Social Structures 135 Introduction to Part III 135 11 Social Norms 137 Ryan Muldoon 12 Institutions and Institutionalism 149 C.M. Melenovsky 13 Property 163 Bas van der Vossen 14 Corporations in our Polity 176 Amy J. Sepinwall 15 Polycentricity 186 Vlad Tarko PART IV Markets 201 Introduction to Part IV 201 16 The Advantages of Markets 205 Matt Zwolinski vi Contents 17 Exploitation 217 Vida Panitch 18 The Meaning of Markets 227 Brookes Brown 19 Gender and the Division of Labor 239 Gina Schouten 20 Housing Markets 252 Kristina Meshelski PART V Economic Systems 265 Introduction to Part V 265 21 Capitalism 267 Peter Boettke 22 Socialisms 276 Samuel Arnold 23 Property-Owning Democracy 289 Alan Thomas 24 Social Democracy 300 Jeppe von Platz 25 Corruption 314 Michael C. Munger PART VI Distributive Justice 325 Introduction to Part VI 325 26 Property Rights and Justice in Holdings: A Libertarian Perspective 329 Eric Mack 27 High Liberalism 341 Samuel Freeman 28 Institutionalism, Injustice, and Personal Responsibility 354 Kok-Chor Tan vii Contents 29 Social Justice 365 Maeve McKeown 30 Justice Across Borders 377 Serena Parekh PART VII Democracy 389 Introduction to Part VII 389 31 In Defense of Epistocracy: Enlightened Preference Voting 391 Jason Brennan 32 Voting Rules 401 Itai Sher 33 Enabling Informed and Equal Participation 416 Thomas Christiano 34 What, If Anything, Can Justify Limiting Workers’ Voice? 428 Lisa Herzog 35 Social Trust 439 Karen S. Cook and Jacob Reidhead Index 451 viii FIGURES 3.1 Searching the Social Science and Humanities Article, Conference, and Book Indices 30 6.1 Coordination Game 68 6.2 Extensive Form Coordination Game 69 6.3 Coordination Game with Strict Dominance 69 6.4 Zero-Sum Baseball Game 70 6.5 Battle of the Sexes 71 6.6 Prisoner’s Dilemma 71 6.7 Centipede Game 73 6.8 Trust Game 74 6.9 Stag Hunt 74 6.10 Battle of the Sexes Game 75 21.1 Share of the World Population Living in Absolute Poverty, 1820–2015 268 ix