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Probable Justice: Risk, Insurance, and the Welfare State

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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. 

Συγγραφέας: Friedman Rachel
Εκδότης: CHICAGO UNIVERSITY PRESS
Σελίδες: 272
ISBN: 9780226730936
Εξώφυλλο: Μαλακό Εξώφυλλο
Αριθμός Έκδοσης: 1
Έτος έκδοσης: 2020

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.
 

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