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Justice in Economics

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Economic Democracy

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A socio-economic philosophy that proposes to shift decision-making power from corporate managers and corporate shareholders to a larger group of public stakeholders.

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Procedural Justice

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Fairness in the processes that resolve disputes and allocate resources.

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Contributive Justice

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The fair opportunity to contribute to society's economic processes.

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Global Justice

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Fairness in matters concerning international relations, especially in economic transactions between countries.

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Intersectionality in Economic Justice

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The study of overlapping or intersecting social identities and related systems of oppression, domination, or discrimination.

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Theory of Justice

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A theoretical framework that discusses fairness in the distribution of social goods and responsibilities.

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Communitarianism

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Stresses the connection between the individual and the community in the formulation of ethical and political norms.

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Participatory Justice

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Inclusion of all stakeholders in decision-making processes that affect them.

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Recognition Justice

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Acknowledging and respecting the differences among individuals and groups.

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Utilitarianism

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The ethical theory that the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.

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Distributive Justice

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Equitable allocation of wealth within a society.

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Compensatory Justice

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Compensation to individuals or groups for past injustices or harms.

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Libertarian Justice

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A view that emphasizes individual freedom and voluntary association with minimal state interference.

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Social Justice

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Promotion of just societies through fair treatment and a just distribution of resources.

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Feminist Economics

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The critical study of economics and economies, with a focus on gender-aware and inclusive economic inquiry and policy analysis.

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Egalitarianism

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Belief in the equality of all people, especially in political, economic, or social spheres.

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Capability Approach

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Focus on enhancing individuals' capabilities and opportunities to choose the kind of life they value.

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Retributive Justice

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Just imposition of punishment for wrongdoing.

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Market Justice

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Economic justice principles that emphasize free market ideologies.

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Environmental Justice

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Fair treatment and involvement of all people with respect to environmental policies and practices.

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