Our chapter “Fairness and Fair Division” is forthcoming in The Routledge Handbook of Philosophy of Economics
Abstract. Fairness is important concept in Western philosophy and in economics alike. We review the so-called fair division theories in philosophy and economics that explore fairness as a distinct value concept. Philosophers build on John Broome’s influential account of fairness as the proportional satisfaction of claims. Economists analyze fair division via so-called claims problems and cooperative games. We show that these fair division theories in philosophy and economics promote an understanding of fairness as a substantive, local, and objective concept. We also suggest that philosophical and economic theories in this area have much to offer to one another.