Premium
An Essay on Human Rights and the Market for Social Contracts
Author(s) -
Francis Andrew M.
Publication year - 2010
Publication title -
southern economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.762
H-Index - 58
eISSN - 2325-8012
pISSN - 0038-4038
DOI - 10.4284/sej.2010.77.1.181
Subject(s) - social contract , sovereignty , construct (python library) , social rights , law and economics , state (computer science) , human rights , set (abstract data type) , economics , market economy , microeconomics , business , economic system , law , political science , politics , algorithm , computer science , programming language
In this article, I discuss an economic theory of human rights. Interpreting the social contract as a market good, a vector of rights that cannot be unbundled, I construct a competitive model in which citizens demand and states supply social contracts. An international market for social contracts matches citizens with states and determines the optimal social contracts. Human rights are the set of rights common to all equilibrium social contracts under perfectly competitive conditions. I explain that in reality, states may renege on their promises to citizens and may interfere with the market for social contracts. Thus, I argue for limits on state sovereignty and suggest that the international authority enforce social contracts and enhance the efficiency of the market for social contracts.