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Justice pp 47-84 | Cite as

Economics and Justice

  • Stephen T. Worland
Part of the Critical Issues in Social Justice book series (CISJ)

Abstract

In the Western European cultural tradition, the attempt to define and clarify justice as a social and moral concept received its classic formulation in Book V of Aristotle’s Nichomachean Ethics. According to some authorities, most notably Joseph A. Schumpeter (1954, pp. 60–62), Book V is also the locus classicus for an early but not notably felicitous effort to understand the connection between the demands of justice as a moral virtue and the ethical problems encountered by a society that relies on market relationships for the organization and coordination of economic activity. Though he may not have succeeded in answering them, Aristotle does indeed bequeath a series of basic moral questions to those successors of Adam Smith in the tradition of mainstream economics who have tried to articulate the justice imperative as it relates to a private-property, market economy.

Keywords

Distributive Justice Neoclassical Economic Moral Imperative Mainstream Economic Capital Equipment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 1986

Authors and Affiliations

  • Stephen T. Worland
    • 1
  1. 1.Department of EconomicsUniversity of Notre DameNotre DameUSA

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