Neoclassical economics
Accepts: price signals and incentive compatibility. Rejects: treating market-clearing prices as sufficient proof of desert. Adds: causal history of productive capacity.
Logic Page 11
MPS is presented as a synthesis: historical in orientation, market-preserving in constraint, and corrective in institutional purpose.
Accepts: price signals and incentive compatibility. Rejects: treating market-clearing prices as sufficient proof of desert. Adds: causal history of productive capacity.
Accepts: moral arbitrariness of natural and social starting points and fair equality of opportunity. Claims to add: measurement and institutional mechanisms. Open issue: whether provenance is an adequate metric of justice.
Accepts: historical process, voluntary exchange, and rectification as relevant. Rejects: treating actual holdings as cleanly generated. Open issue: whether statistical provenance can support legitimate rectification.
Accepts: the moral relevance of chosen and unchosen factors. Claims to add: structural rather than case-by-case assessment. Open issue: avoiding harsh or intrusive judgments.
Accepts: multidimensional advantage and conversion factors. Claims to add: market-process analysis. Open issue: whether contribution and provenance capture the human goods that matter.
Accepts: dispersed knowledge, spontaneous coordination, and skepticism toward central allocation. Response: provenance auditing is framed as input verification rather than price setting. Open issue: whether the required causal knowledge is administratively obtainable.
Accepts: rules, transaction costs, path dependence, and power shape outcomes. Claims to add: provenance-centered institutional correction. Open issue: whether benefits exceed measurement and administration costs.
Accepts: motivated reasoning, loss aversion, and framing shape legitimacy and reform. Claims to add: transparent audit trails. Open issue: whether transparency corrects resistance or merely relocates political conflict.