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Making the unequal global economic structure more just: Going beyond welfare economics, utilitarianism and Rawlsian ethical theories

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  • Hamid Hosseini

Abstract

Purpose - The purpose of this paper is to develop principles through which the global economic structure could become more equal and just; it begins by demonstrating that world poverty is pervasive, and that the global economic structure is very unequal. Design/methodology/approach - The paper utilizes conceptual/theoretical arguments in welfare economics, utilitarianism, Sen's capability approach, and Rawlsian theories of justice to argue that none of those theories can lead to a more equal global economic structure. Thus, the development of more egalitarian principles is needed. Findings - Arguing that the principles that Rawls developed in his 1999 Originality/value - Since the principles developed in the paper are more egalitarian, helping toward ending world poverty and extreme inequality, the paper and its findings constitute an original and a valuable contribution.

Suggested Citation

  • Hamid Hosseini, 2010. "Making the unequal global economic structure more just: Going beyond welfare economics, utilitarianism and Rawlsian ethical theories," Humanomics: The International Journal of Systems and Ethics, Emerald Group Publishing, vol. 26(3), pages 200-211, August.
  • Handle: RePEc:eme:humpps:v:26:y:2010:i:3:p:200-211
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    References listed on IDEAS

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    1. Lerner, Abba P, 1972. "The Economics and Politics of Consumer Sovereignty," American Economic Review, American Economic Association, pages 258-266.
    2. Timothy Taylor, 2008. "Recommendations for Further Reading," Journal of Economic Perspectives, American Economic Association, pages 235-242.
    3. Timothy Taylor, 2008. "Recommendations for Further Reading," Journal of Economic Perspectives, American Economic Association, pages 217-224.
    4. Timothy Taylor, 2008. "Recommendations for Further Reading," Journal of Economic Perspectives, American Economic Association, pages 223-230.
    5. Timothy Taylor, 2008. "Recommendations for Further Reading," Journal of Economic Perspectives, American Economic Association, pages 235-242.
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