Search results
Results from the WOW.Com Content Network
Justice and the Market is an ethical perspective based upon the allocation of scarce resources within a society which balances justice against the market.The allocation of resources depends upon governmental policies and the societal attitudes of the individuals who exist within the society.
The marketplace of ideas is a rationale for freedom of expression based on an analogy to the economic concept of a free market.The marketplace of ideas holds that the truth will emerge from the competition of ideas in free, transparent public discourse and concludes that ideas and ideologies will be culled according to their superiority or inferiority and widespread acceptance among the ...
A Theory of Justice is a 1971 work of political philosophy and ethics by the philosopher John Rawls (1921–2002) in which the author attempts to provide a moral theory alternative to utilitarianism and that addresses the problem of distributive justice (the socially just distribution of goods in a society).
In his book A Theory of Justice, John Rawls outlines his famous theory about justice as fairness. The theory consists of three core components: [4] the equality of people in rights and liberties; the equality of opportunities for all; and; an arrangement of economic inequalities focused on benefit maximisation for those who are least advantaged.
Entitlement theory is a theory of distributive justice and private property created by Robert Nozick in chapters 7 and 8 of his book Anarchy, State, and Utopia.The theory is Nozick's attempt to describe "justice in holdings" (Nozick 1974:150)—or what can be said about and done with the property people own when viewed from a principle of justice.
Early sections of Anarchy, State, and Utopia, akin to the introduction of A Theory of Justice, see Nozick implicitly join Rawls's attempts to discredit utilitarianism. Nozick's case differs somewhat in that it mainly targets hedonism and relies on a variety of thought experiments, although both works draw from Kantian principles.
The social market economy (SOME; German: soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, [1] is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish both fair competition within the market and generally a welfare state.
The defining characteristics of libertarian legal theory are its insistence that the amount of governmental intervention should be kept to a minimum and the primary functions of law should be enforcement of contracts and social order, though social order is often seen as a desirable side effect of a free market rather than a philosophical ...