A Study On Samuelson 's Thought Of Fairness And Efficiency

Fairness and efficiency are the lifeline of a stable development of the country, and also the focus of economics and ethics concerns. American economist Paul Samuelson’s famous fairness and efficiency thought are deeply rooted in the world economic and political background. It’s the product of American economic and political development of 1930s. He was in the absorption of Bentham and Keynesian thinking, and abandoned liberalism Smith. He proposed balance fair thought on the basis of efficiency.Fairness and efficiency is the core of Samuelson’s thoughts of economic ethics, and put it through in all aspects of economic ethics Samuelson:In the labor market, on the one hand, he advocates the Government to take measures to increase employment and raise wages; on the other hand emphasize macro-control, regulate distribution, to achieve fair distribution. The ecological environment, he shortages and infrastructure based on the limited resources and environmental vulnerability on the proposition to improve efficiency, maximize the value of resources and environment. In terms of the relationship between government and the market, he advocated strengthening the government’s macro-control, in order to address the limitations of market presence; in the financial sector, he stressed the economic function of the financial system, the requirements of financial integration, to achieve optimal use of resources, while avoid the moral hazard equitable development, to ensure that the financial sector. In international trade, oppose trade protectionism Samuelson, advocating free trade negotiations, and promote the growth of global welfare.Samuelson emphasizes efficiency due consideration to fairness on the basis of this economic ethics in line with the trend of the times. China’s economic development has a certain significance. But it is in a capitalist country like the United States, his thought is only to US economic services. What he said the fair is not universal, he put forward the measures and policies such as belonging to the direction, it is relatively difficult to implement, at the same time, inflation and other economic phenomenon of unfair and inefficient no practical measures. However the idea has a certain commonality, it can learn from China’s economic development not only adhere to its market economy. While the government thought a reasonable intervention, it improve the market system and market mechanisms, rules and other measures to improve efficiency; and distribution in social adopted at all levels have to improve distribution, improve the fairness of social thought. The absorption of these dialectical thought, can promote China’s economic development, and achieve social equity.