A discussion about economic justice between classes

Posted on July 7, by Scott Alexander [Content note: I get words all day through. First from him, now from you. Is that all you blighters can do?

A discussion about economic justice between classes

The ultimate purpose of all the virtues is to elevate the dignity and sovereignty of the human person. Distinguishing Justice From Charity While often confused, justice is distinct from the virtue of charity.

Justice supplies the material foundation for charity. While justice deals with the substance and rules for guiding ordinary, everyday human interactions, charity deals with the spirit of human interactions and with those exceptional cases where strict application of the rules is not appropriate or sufficient.

Charity offers expedients during times of hardship. Charity compels us to give to relieve the suffering of a person in need.

The highest aim of charity is the same as the highest aim of justice: True charity involves giving without any expectation of return. But it is not a substitute for justice.

Defining Social Justice Social justice encompasses economic justice. Social justice is the virtue which guides us in creating those organized human interactions we call institutions. In turn, social institutions, when justly organized, provide us with access to what is good for the person, both individually and in our associations with others.

Defining Economic Justice Economic justice, which touches the individual person as well as the social order, encompasses the moral principles which guide us in designing our economic institutions. These institutions determine how each person earns a living, enters into contracts, exchanges goods and services with others and otherwise produces an independent material foundation for his or her economic sustenance.

The ultimate purpose of economic justice is to free each person to engage creatively in the unlimited work beyond economics, that of the mind and the spirit.

The Three Principles of Economic Justice Like every system, economic justice involves input, out-take, and feedback for restoring harmony or balance between input and out-take. Within the system of economic justice as defined by Louis Kelso and Mortimer Adler, there are three essential and interdependent principles: Participative Justice the input principleDistributive Justice the out-take principleand Social Justice the feedback and corrective principle.

Like the legs of a three-legged stool, if any of these principles is weakened or missing, the system of economic justice will collapse. It requires equal access to the means through social institutions such as our money and credit system of acquiring private property in productive assets, as well as equal opportunity to engage in productive work.

The principle of participation does not guarantee equal results. Thus, this principle rejects monopolies, special privileges, and other exclusionary social barriers to the full participation and economic self-reliance of every person.

Through the distributional features of private property within a free and open marketplace, distributive justice becomes automatically linked to participative justice, and incomes become linked to productive contributions.

The principle of distributive justice involves the sanctity of property and contracts. It turns to the free and open marketplace, not government, as the most objective and democratic means for determining the just price, the just wage, and the just profit.

Many confuse the distributive principles of justice with those of charity.

A discussion about economic justice between classes

Distributive justice follows participative justice and breaks down when all persons are not given equal opportunity to acquire and enjoy the fruits of income-producing property.

This principle is violated by unjust barriers to participation, by monopolies or by some using their property to harm or exploit others. Economic harmony results when Participative and Distributive Justice are operating fully for every person within a system or institution. The first two principles of economic justice flow from the eternal human search for justice in general, which automatically requires a balance between input and out-take, i.

It compels people to look beyond what is, to what ought to be, and continually repair and improve their systems for the good of every person. Furthermore, the harmony that results from the operation of social justice is more consistent with the truism that a society that seeks peace must first work for justice.

Kelso and Mortimer J.Dear students, Thank you for joining us on the third week of the course 'Economic Growth and Distributive Justice'. This week Prof. Margalioth will teach you the main theories of distributive justice, explain how we can choose between them, and discuss their relative strengths and weaknesses.

[Content note: hostility toward social justice, discussion of various prejudices] “Words! Words! Words! I’m so sick of words!

I get words all day through. This article is concerned with social and political equality. In its prescriptive usage, ‘equality’ is a loaded and ‘highly contested’ concept. Disposability, a condition written on the body, is a racial project.

Populations that stand in the way of the progress of capital accumulation, are targeted for disposability, and relegated to . AAG Specialty and Affinity Groups. AAG Specialty and Affinity Groups are voluntary associations of AAG members who share interests in regions or topics.

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