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Robert Dahl believes that the ideal of democracy assumes that political equality is desirable. [5] He goes on to argue that political equality and democracy are supported by the inherent intrinsic equal worth of every person (intrinsic equality) and the tendency of concentrated power to corrupt. [6]
An early example of equality is what might be described as outcome economic egalitarianism is the Chinese philosophy of agriculturalism which held that the economic policies of a country need to be based upon egalitarian self-sufficiency.
Anarchism and socialism's idea of equal liberty rests on political, social and economic equality of opportunity. [23] Saul Newman's equal liberty is "'the idea that liberty and equality are inextricably linked, that one cannot be had without the other'. They both belong to the category of emancipation, they mutually resonate, and they are ...
Equity, or economic equality, is the construct, concept or idea of fairness in economics and justice in the distribution of wealth, resources, and taxation within a society. . Equity is closely tied to taxation policies, welfare economics, and the discussions of public finance, influencing how resources are allocated among different segments of the populati
Philosophy and economics studies topics such as public economics, behavioural economics, rationality, justice, history of economic thought, rational choice, the appraisal of economic outcomes, institutions and processes, the status of highly idealized economic models, the ontology of economic phenomena and the possibilities of acquiring ...
An economic ideology is a set of views forming the basis of an ideology on how the economy should run. It differentiates itself from economic theory in being normative rather than just explanatory in its approach, whereas the aim of economic theories is to create accurate explanatory models to describe how an economy currently functions.
In philosophy, economics, and political science, the common good (also commonwealth, common weal, general welfare, or public benefit) is either what is shared and beneficial for all or most members of a given community, or alternatively, what is achieved by citizenship, collective action, and active participation in the realm of politics and ...
Economic power refers to the ability of countries, businesses or individuals to improve living standards. It increases their ability to make decisions on their own that benefit them. Scholars of international relations also refer to the economic power of a country as a factor influencing its power in international relations. [1]