Distributive justice relates to the principle of fairness in the allocation of wealth, income, power and opportunities. Many theoretical paradigms have been developed to … See more

Karl Marx in The Communist Manifesto postulated that the era of feudal aristocracy and the capitalism experienced in 1847 at the time … See more

John Rawls conceived the notion of 'The Original Position' based upon the thought experiment whereby participants must agree to a hypothetical social contract under a See more

The Libertarian philosophy refers to freedom, and particularly individual liberty which dictates the right and ability to govern one's self. … See more

Adam Smith's idea of the invisible hand was a founding contribution to explain resource allocation within a society. The invisible hand … See more

Meritocracy is an ideology founded in the works of Confucius, whereby the allocation of rewards, positions and responsibilities is objective and upon … See more

Redistribution of wealth is attained through many forms such as taxation, monetary policies, welfare and nationalisation of private enterprise. … See more