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19 Cards in this Set
- Front
- Back
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Economic Distribution |
Right & Just distribution to all Promkting social well being is major goal |
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Public Econimics |
Like China & Russia closed economy & produces what they are told |
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Private Economics |
Production & Distribution |
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Mill's views |
Contended that the concept of Justice identifies certain rules or rights - the upholding of which is crucial for promoting wellbeing & that injustice always involves violating the rights of some identiciable individual -known for Political economy break down barriers between an arrangement & laborers - more worker participation = higher productivity Greater quantity of income reduces income disparity |
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Libertarian |
No or lil government Laissez fair approach Hate utilitarianism |
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John Locke |
Views stated: Rights are independent You don't owe anything to anyone |
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Entitlement Theory |
Nozick's theory You are entitled to your holdings if you have acquired them without violating other people's rights & can transfer holdings---no restrictions |
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Distributive Justice |
benefits & burdens Proper distribution of social benefits & burdensSocial benefits - schoolsBurdens - taxes Social benefits - schools Burdens - taxes |
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Utilitarian View |
Maximation of happiness ultimately determines what is just & unjust Ex of utilitarians.. senators, Congress people |
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Utiliarianism & economic distribution considerations to promote human happiness |
1- type of economic ownership (private, public, mix) 2- the way of organizing production & Distribution in general (pure laissez faire, markets with government planning & regulation, fully centralized planning) 3- the type of authority arrangements within the units of production (worker control versus managerial perogative) 4- the range & character of material incentives 5- the nature & extent of social security & welfare provisions |
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Declining marginal utility of money |
Successive additions to one's income produce, on average, less happiness or welfare than did earlier conditions Favored by utilitarians |
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Justice |
Fairness |
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Aristotle |
Impartiality very important People get what thdy deserve |
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Walzer |
What is the norm |
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Economic Ownership |
Way of organizing production & Distribution |
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Theories of Justice |
Utilitarian View Libertarian Approach Rawls's Theory of Justice |
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Economic Arrangements |
Political atmosphere Planned |
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Original position |
Starting position --- do not know anything about themselves Do not know gender |
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Veil of Ignorance |
Rawl's position....eliminates bias & makes the original position a fair way of choosing principles Felt only way ro find true justice |
