individuals' preferences to be coherent. The fundamental intuition, that opportunity and responsibility have moral value, is … formalised as a responsibility criterion for assessing opportunities in an economic system. A model of an exchange economy is … economy satisfies the responsibility criterion. One interpretation of this result is that, in a competitive environment, the …

introduce fundamental concepts such as entropy, joint production, ignorance, evolution, absolute scarcity, responsibility and …, environmental and political evolution are outlined in Section 4. In Section 5, we apply the concept of responsibility to address …