The New Palgrave Dictionary of Economics

Living Edition
| Editors: Palgrave Macmillan

Distributive Justice

  • Edmund S. Phelps
Living reference work entry
DOI: https://doi.org/10.1057/978-1-349-95121-5_254-1

Abstract

Social justice is justice in all of the relationships occurring in society: the treatment of criminals, children and the elderly, domestic animals, rival countries, and so forth. Distributive justice is a narrower concept for which another name is economic justice. It is justice in the economic relationships within society: collaboration in production, trade in consumer goods, and the provision of collective goods. There is typically room for mutual gain from such exchange, especially voluntary exchange, and distributive justice is justice in the arrangements affecting the distribution (and thus generally the total production) of those individual gains among the participants in view of their respective efforts, opportunity costs, and contributions.

Keywords

Distributive Justice Mutual Gain Voluntary Exchange Intergenerational Justice Extra Product 
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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Bibliography

  1. Phelps, E.S., and J.G. Riley. 1978. Rawlsian growth: Dynamic programming of capital and wealth for intergeneration ‘maximin’ justice. Review of Economic Studies 45(1): 103–120.CrossRefGoogle Scholar
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  4. Rawls, J. 1970. A theory of justice. Oxford/Cambridge, MA: Oxford University Press/Harvard University Press.Google Scholar

Copyright information

© The Author(s) 1987

Authors and Affiliations

  • Edmund S. Phelps
    • 1
  1. 1.