Justice in economics is a subcategory of welfare economics. It is a "set of moral and ethical principles for building economic institutions". Economic justice aims to create opportunities for every person to have a dignified, productive and creative life that extends beyond simple economics. Models of economic justice frequently represent the ethical-social requirements of a given theory, whether "in the large", as of a just social order, or "in the small", as in the equity of "how institutions distribute specific benefits and burdens". That theory may or may not elicit acceptance. In the Journal of Economic Literature classification codes 'justice' is scrolled to at JEL: D63, wedged on the same line between 'Equity' and 'Inequality' along with 'Other Normative Criteria and Measurement'. Categories above and below the line are Externalities and Altruism. Some ideas about justice and ethics overlap with the origins of economic thought, often as to distributive justice and sometimes as to Marxian analysis. The subject is a topic of normative economics and philosophy and economics. In early welfare economics, where mentioned, 'justice' was little distinguished from maximization of all individual utility functions or a social welfare function. As to the latter, Paul Samuelson (1947), expanding on work of Abram Bergson, represents a social welfare function in general terms as any ethical belief system required to order any (hypothetically feasible) social states for the entire society as "better than", "worse than", or "indifferent to" each other. Kenneth Arrow (1963) showed a difficulty of trying to extend a social welfare function consistently across different hypothetical ordinal utility functions even apart from justice. Utility maximization survives, even with the rise of ordinal-utility/Pareto theory, as an ethical basis for economic-policy judgments in the wealth-maximization criterion invoked in law and economics. Amartya Sen (1970), Kenneth Arrow (1983), Serge-Christophe Kolm (1969, 1996, 2000), and others have considered ways in which utilitarianism as an approach to justice is constrained or challenged by independent claims of equality in the distribution of primary goods, liberty, entitlements, opportunity, exclusion of antisocial preferences, possible capabilities, and fairness as non-envy plus Pareto efficiency. Alternate approaches have treated combining concern for the worst off with economic efficiency, the notion of personal responsibility and (de)merits of leveling individual benefits downward, claims of intergenerational justice, and other non-welfarist/Pareto approaches. Justice is a subarea of social choice theory, for example as to extended sympathy, and more generally in the work of Arrow, Sen, and others. A broad reinterpretation of justice from the perspective of game theory, social contract theory, and evolutionary naturalism is found in works of Ken Binmore (1994, 1998, 2004) and others. Arguments on fairness as an aspect of justice have been invoked to explain a wide range of behavioral and theoretical applications,supplementing earlier emphasis on economic efficiency (Konow, 2003). (Wikipedia).
Is There an Alternative to Political Correctness?
Political correctness aims for some very nice results, but its means have a habit of upsetting a lot of people. Might there be an alternative to it? We think there is, and it’s called Politeness. If you like our films, take a look at our shop (we ship worldwide): https://goo.gl/iVqWJ1 Joi
From playlist WORK + CAPITALISM
Classical liberalism #4: How does the rule of law promote a free society? | James Stoner | Big Think
Classical liberalism #4: How does the rule of law promote a free society? Watch the latest from Big Think: https://bigth.ink/NewVideo Join Big Think Edge for exclusive videos: https://bigth.ink/Edge ---------------------------------------------------------------------------------- The
From playlist Classical Liberalism | Big Think
How Governments Can Support Economic Growth
Now that we have discussed several types of economies that vary in the degree of government involvement, it's time to get a closer look at a government's role in economic growth. It is possible for governments to both promote and hinder economic growth, so let's start by looking at six way
From playlist Economics
Advancing Data Justice: A Guide for Policymaker
Research from The Alan Turing Institute brings together perspectives from across the globe to discuss how data-driven technologies can be deployed in a way which is compatible with values of social justice. Read more about the Advancing Data Justice: Research and Practice project here: h
From playlist Advancing Data Justice
Advancing Data Justice: What is data justice?
Research from The Alan Turing Institute brings together perspectives from across the globe to discuss how data-driven technologies can be deployed in a way which is compatible with values of social justice. Read more about the Advancing Data Justice: Research and Practice project here: h
From playlist Advancing Data Justice
The Difference Between Fiscal and Monetary Policy
Governments are typically concerned with curbing both unemployment and inflation, and there are two ways they approach this, fiscal policy and monetary policy. These are tools that can be used to speed or slow economic growth. What are they? How do they work? Let's check it out! Script by
From playlist Economics
A clip of Ronald Dworkin and Bryan Magee explaining liberalism, and importantly, pointing out the fact that liberalism need not be a form of relativism. This a version of an upload from the previous channel. It comes from a 1978 series on Modern Philosophy called Men of Ideas. The full epi
From playlist Social & Political Philosophy
Advancing Data Justice: Power pillar
Research from The Alan Turing Institute brings together perspectives from across the globe to discuss how data-driven technologies can be deployed in a way which is compatible with values of social justice. Read more about the Advancing Data Justice: Research and Practice project here: h
From playlist Advancing Data Justice
What is economics? Yes, of course it has to do with money. But beyond the concepts that we might immediately think of, like taxes, gross domestic product, and the stock market, which belong to macroeconomics, we must also understand microeconomics. Deconstructing the personal decisions we
From playlist Economics
G. A. Cohen on Justice & Incentives (2001)
G. A. Cohen gives a talk called "Rescuing Justice from Constructivism: Justice & Incentives" in 2001. 00:00 Stand-Up Comedy 10:04 The Talk #Philosophy #PoliticalPhilosophy
From playlist Social & Political Philosophy
Relevance of a transitional justice framework to address Belgium’s colonial past
MIT 21A.S01 Reparations for Slavery and Colonization: Contemporary Movements for Justice, Fall 2021 Speaker: Annah Moyo View the complete course: https://ocw.mit.edu/courses/21a-s01-reparations-for-slavery-and-colonization-contemporary-movements-for-justice-fall-2021/ YouTube Playlist: ht
From playlist MIT 21A.S01 Reparations for Slavery and Colonization: Contemporary Movements for Justice, Fall 2021
November 1, 2009 Sermon at Yale University Church
Reverend Scotty McLennan, Yale 70, Dean for Religious Life at Stanford University, preaches at the weekly Sunday worship service in Battell Chapel on All Saints Day about the legacy of William Sloane Coffin. This sermon was delivered at the University Church in Yale at Sunday morning wo
From playlist The University Church in Yale Weekly Sermons
Plato's Republic - Theory of Justice
Professor Charles Anderson provides an introductory overview of the thought of Plato and his famous work, the Republic. This comes from a course on Political, Economic, & Social Thought given at the University of Wisconsin a number of years back. #Philosophy #Plato #Ethics
From playlist Social & Political Philosophy
Humanitarian Engineering, Lecture 15
These lectures are based on a course, ENGR 5050 Humanitarian Engineering, at The Ohio State University by Prof. Kevin M. Passino, passino.1@osu.edu. Course summary: Poverty, sustainability, culture, social justice, development strategies, engineering for sustainable community development.
From playlist Ohio State: Humanitarian Engineering with Kevin Passino | CosmoLearning.org Engineering
Incentives, Inequality, & Community P2 - G. A. Cohen (1991)
Gerald Cohen gives the second Tanner lecture on Incentives, Inequality, and Community. #Philosophy #PoliticalPhilosophy
From playlist Social & Political Philosophy
Philosophy & Politics - Ronald Dworkin & Bryan Magee (1978)
In this program, Ronald Dworkin discusses political philosophy with Bryan Magee. The focus is mainly on John Rawls' "A Theory of Justice" and Robert Nozick's "Anarchy, State, and Utopia", and then Dworkin's own work in political theory. This is from a 1978 series on Modern Philosophy calle
From playlist Bryan Magee Interviews - Modern Philosophy: Men of Ideas (1977-1978)
You and the planet: tomorrow's Earth | The Royal Society
Join Justin Rowlatt for an event about what the world will look like in the future. Regardless of your personal vision, we can all agree that the future of our planet depends on our ability to tackle the climate crisis. Subscribe to our channel for exciting science videos and live events,
From playlist Latest talks and lectures
Ronald Dworkin gives a very brief, introductory overview of John Rawls' "A Theory of Justice" and Robert Nozick's "Anarchy, State, and Utopia" in an interview with Bryan Magee from 1978. Although both wrote very influential works of political philosophy, they came to quite different conclu
From playlist Social & Political Philosophy
Advancing Data Justice: Knowledge pillar
Research from The Alan Turing Institute brings together perspectives from across the globe to discuss how data-driven technologies can be deployed in a way which is compatible with values of social justice. Read more about the Advancing Data Justice: Research and Practice project here: h
From playlist Advancing Data Justice