Social justice

Justice has always attracted as much serious attention as utility in the theory of ethics. Economics is not ethics-free. “…basing economics on the ethics of individuals assumed to be entirely self-interested can go badly wrong, and that ‘willingness to pay’ is invalid as a means of valuation” (Broome, 2008).

Social justice is proposed in Rawls’ theories of justice and fairness (1971, 2001). His principles of justice are:

(1) “Each person has the same indefeasible claim to a fully adequate scheme of equal basic liberties, which scheme is compatible with the same scheme of liberties for all”; and

(2) “Social and economic inequalities are to satisfy two conditions: first, they are to be attached to offices and positions open to all under conditions of fair equality of opportunity; and second, they are to be to the greatest benefit of the least-advantaged members of society (the difference principle).”

Relevant papers:

Tax Justice Network

References:

Broome, John (2008) ‘Why Economics Needs Ethical Theory’, in Kaushik Basu and Ravi Kanbur (eds.) Welfare, Development, Philosophy and Social Science: Essays for Amartya Sen’s 75th birthday, Oxford: Oxford University Press.

Murphy, Richard (2015) The Joy of Tax, Random House, ISBN 1473525330, 9781473525337

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