How to interpret and apply Dworkin's Hypothetical Insurance

What is it about?

As Ronald Dworkin's approach to equality of equality involves Hypothetical Insurance this is often assumed to be applied separately to each form of bad-luck and guides monetary compensation. This paper challenges that interpretation and instead proposes that all forms of bad luck can be combined together within the scheme holistically. It also argues that, as with real insurance, the numerous possible policies to achieve the required aims should be included in the decision-making.

Featured Image

Why is it important?

The interpretation of Hypothetical Insurance proposed gets around many proposed criticisms of the scheme, such as that it is focused solely on monetary compensation and not other forms of policy.