Equality of Opportunity and Opportunity Pluralism

Abstract: This paper seeks to explore the potential trade-off arising between the theories of $\textit{Equality of Opportunity}$ and $\textit{Opportunity Pluralism}$. Whereas the first theory has received much attention in the literature on Welfare Economics, the second one has only recently been introduced with the publication of the book by Joseph Fishkin, $\textit{Bottlenecks: A New Theory of Equal Opportunity}$. After arguing extensively that any notion of human flourishing is incompatible with traditional theories of $\textit{Equality of Opportunity}$, the author proposes an alternative theory squarely based on a broad notion of human development. This paper seeks to formalize the argument made in this book through the lens of economic theory. My analysis suggests that traditional theories of $\textit{Equality of Opportunity}$ are not incompatible with $\textit{Opportunity Pluralism}$.