Definitions for Economic justice
eco·nom·ic jus·tice

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1. Economic justice

   Justice in economics is a subcategory of welfare economics with models frequently representing 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).

How to pronounce Economic justice?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

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   Tessa

   South African

How to say Economic justice in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of Economic justice in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of Economic justice in Pythagorean Numerology is: 2

Examples of Economic justice in a Sentence

1. Bernie Sanders:

   At the end of tonight, 15 states will have voted, 35 states remain, and let me assure you that we are going to take our fight for economic justice, for social justice, for environmental sanity, for a world of peace to every one of those states.

2. Josh Earnest:

   This is a president who has been animated even before he started running for public office by the idea that we need to fight for social and economic justice both in this country and around the world, this has been a hallmark of Pope Francis even before he arrived in the Vatican.

3. Democratic Governor Andrew Cuomo:

   Repealing this regressive and unfair tax on women is a matter of social and economic justice, i look forward to signing it into law.

4. Kamala Harris:

   Guaranteeing six months of paid leave will bring us closer to economic justice for workers and ensures newborn children or children who are sick can get the care they need from a parent without thrusting Paid Family and Medical into upheaval, to give all children in America the opportunities they deserve, this comprehensive children's agenda will protect their rights, ensure they have access to health care and high-quality education, and dramatically reduce child poverty.

5. Mark Sandlin:

   You either believe that Christians should stay out of politics altogether and focus on the afterlife, or you think we should be involved in the here-and-now: social justice, economic justice, fight inequality.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Economic_Justice