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- Market justice is an approach that asserts that people only have the right to goods and services if they obtain it according to the guidelines of entitlement. It allows inequality as long as this results in a fair market system. Libertarians support market justice because they believe in the logic of supply and demand that operates within the economic workplace1. The approach derives from principles of individualism, self-interest, personal effort, and voluntary behavior2. The contrasting approach, social justice, allocates goods and services according to the individual’s needs2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Market justice asserts that people only have the right to goods and services if they obtain it according to the guidelines of entitlement. It allows inequality as long as this result to a fair market system. The libertarians support market justice because they believe upon the logic of supply and demand that operates within the economic workplace.lawaspect.com/difference-market-justice-social-just…Known as market justice, this approach derives from principles of individualism, self-interest, personal effort, and voluntary behavior. The contrasting approach, social justice, allocates goods and services according to the individual’s needs.www.pnhp.org/news/2008/january/market_justice_…
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Justice and the Market - Wikipedia
Justice and the market is an ethical perspective based upon the allocation of scarce resources within a society. The allocation of resources depends upon governmental policies and the societal attitudes of the individuals who exist within the society. Personal perspectives are based upon ones circle of … See more
Distributive justice relates to the principle of fairness in the allocation of wealth, income, power and opportunities. Many theoretical … 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
The Libertarian philosophy refers to freedom, and particularly individual liberty which dictates the right and ability to govern one's self. … 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 … 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
Wikipedia text under CC-BY-SA license 5 - Justice and the Market - Cambridge University Press
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