Making the unequal global economic structure more just: Going beyond welfare economics, utilitarianism and Rawlsian ethical theories
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.
Volume (Year): 26 (2010)
Issue (Month): 3 (August)
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- Lerner, Abba P, 1972. "The Economics and Politics of Consumer Sovereignty," American Economic Review, American Economic Association, vol. 62(2), pages 258-266, May.
- Timothy Taylor, 2008. "Recommendations for Further Reading," Journal of Economic Perspectives, American Economic Association, vol. 22(2), pages 235-242, Spring.
- Timothy Taylor, 2008. "Recommendations for Further Reading," Journal of Economic Perspectives, American Economic Association, vol. 22(4), pages 217-224, Fall.
- Timothy Taylor, 2008. "Recommendations for Further Reading," Journal of Economic Perspectives, American Economic Association, vol. 22(3), pages 223-230, Summer.
- Timothy Taylor, 2008. "Recommendations for Further Reading," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 235-242, Winter.
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