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8 Cardozo Pub. L. Pol'y & Ethics J. 31 (2009-2010)
Equality, Entitlement, and Efficiency: Dworkin, Nozick, Posner, and Implications for Legal Theory

handle is hein.journals/cardplp8 and id is 33 raw text is: EQUALITY, ENTITLEMENT, AND EFFICIENCY: DWORKIN, NOZICK, POSNER, AND IMPLICATIONS FOR LEGAL THEORY Stephen O'Hanlon* A bstract ...................................................... 3 1 Introduction .................................................. 32 I. D w orkin ............................................. 37 A. Law as Integrity .................................. 37 B. Equality of Resources ............................. 45 II. Nozick and Libertarianism ............................ 52 III. Law & Econom ics .................................... 65 A. Morality, Practicality, and Welfare ................. 67 i. M orality ..................................... 67 ii. Practicality ................................... 75 iii. W elfare ...................................... 79 B. Wealth Maximization and Rational Theory .. ...... 83 i. Wealth Maximization ......................... 84 ii. Rational Theory .. ......................... 86 C. Distribution, Capture, and Marx .................. 91 D . Efficiency Revisited ............................... 96 C onclusion ................................................... 99 ABSTRACT This Article analyzes the legal theories of Ronald Dworkin, Robert Nozick, and Richard A. Posner. The Article concludes that integrity, equal- ity, libertarianism, and efficiency are all important values that contribute to the formulation of a compelling legal theory. * Lecturer in Philosophy, Temple University. B.A., Trinity College Dublin; M. Phil., The London School of Economics; J.D., Temple University, Beasley School of Law. The author wishes to express his gratitude to Michael Libonati who oversaw the research and writing of this Article over the course of an academic year. In addition, the author thanks Richard Bradley at the London School of Economics for supervising the author's thesis on Robert Nozick and providing comments on much of the source material for the section on Nozick. The author also wishes to thank David Hoffman for reading guidance in the field of law and economics. The author thanks all those involved in the editing and production processes at the Cardozo Public Law, Policy and EthicsJournal. Chris Baker is also thanked for his encouragement and input. As always, the author wishes to express the utmost gratitude to Laura Lee Swan-O'Hanlon and Julien O'Hanlon.