IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/1243.html
   My bibliography  Save this paper

Economic theory and social justice

Author

Listed:
  • Johnson, Joseph

Abstract

Is justice individualistic or both individualistic andsocial? Opposite views on this question include von Hayek, who said that `social justice' was an oxymoron, and the late Holy Father who, in Sollicitudo Rei Socialis said that some socio-economic institutions can have`structures of sin' in their architectures. The Old Testament prophets have been interpreted either way! Using results from the Capital Controversy in economic theory, Sen's work on famines, and the Parsonian theory of the institution, we show that the `social'-justice dimension of an individual act is where its justice is unintelligible in merely individualistic terms, but requires institutional analysis.

Suggested Citation

  • Johnson, Joseph, 2006. "Economic theory and social justice," MPRA Paper 1243, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:1243
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/1243/1/MPRA_paper_1243.pdf
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Davidson, Paul, 1972. "Money and the Real World," Economic Journal, Royal Economic Society, vol. 82(325), pages 101-115, March.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Social justice; economic justice; microfoundations of macroeconomics; Capital controversy;

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:1243. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.