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Essay

The Distributive Justice Of The Market

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Darrell A

 

Date added:

January 9, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

9 / 2403

 

Was viewed:

5556 times

 

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Essay content:

" (John Rawls, "A Theory of Justice", 1971, p.302) Resources are scarce. This is the basic, dismal truth of the dismal science. The second truth is that people consume resources. A basic existential anxiety makes them want more resources than they can consume (the "just in case" principle). This raises the question of fairness, a...
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A basic existential anxiety makes them want more resources than they can consume (the "just in case" principle). This raises the question of fairness, a.k.a. "distributive justice". How should resources be allocated in a manner which will conform to one or more just principles ? This apparently simple question raises a host of more complex ones : what constitutes a resource ? what is meant by allocation ? Who should allocate these resources or should this better be left to some Adam Smithean "invisible hand" ? Such an invisible hand (working through the price mechanism) - should its mode of operation be guided by differences in power, in intelligence, in knowledge, in heritage ? In other words : what should be the entitlement principle, how can it be determined who is entitled to what ? Everything constitutes a resource : income, opportunities, knowledge, brute power, wealth...
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