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.
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Worland, S.T. (1986). Economics and Justice. In: Cohen, R.L. (eds) Justice. Critical Issues in Social Justice. Springer, Boston, MA. https://doi.org/10.1007/978-1-4899-3511-3_3
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