Distributive justice relates to the principle of fairness in the allocation of wealth, income, power and opportunities. Many theoretical paradigms have been developed to approach distributive justice such as Adam Smith's See more

Adam Smith's idea of the invisible hand was a founding contribution to explain resource allocation within a society. The invisible hand metaphor portrayed an aggregated market … 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. Taxation as a means to redistribute wealth … See more

The Libertarian philosophy refers to freedom, and particularly individual liberty which dictates the right and ability to govern one's self. In an economic sense the libertarian view assumes a free market, left to its own accord, is a fair market and that redistributive … See more

Karl Marx in The Communist Manifesto postulated that the era of feudal aristocracy and the capitalism experienced in 1847 at the time of its writing, would be replaced with … See more

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