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Justice in Economics
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Utilitarianism
The ethical theory that the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.
Market Justice
Economic justice principles that emphasize free market ideologies.
Contributive Justice
The fair opportunity to contribute to society's economic processes.
Environmental Justice
Fair treatment and involvement of all people with respect to environmental policies and practices.
Egalitarianism
Belief in the equality of all people, especially in political, economic, or social spheres.
Economic Democracy
A socio-economic philosophy that proposes to shift decision-making power from corporate managers and corporate shareholders to a larger group of public stakeholders.
Feminist Economics
The critical study of economics and economies, with a focus on gender-aware and inclusive economic inquiry and policy analysis.
Communitarianism
Stresses the connection between the individual and the community in the formulation of ethical and political norms.
Intersectionality in Economic Justice
The study of overlapping or intersecting social identities and related systems of oppression, domination, or discrimination.
Retributive Justice
Just imposition of punishment for wrongdoing.
Distributive Justice
Equitable allocation of wealth within a society.
Participatory Justice
Inclusion of all stakeholders in decision-making processes that affect them.
Compensatory Justice
Compensation to individuals or groups for past injustices or harms.
Theory of Justice
A theoretical framework that discusses fairness in the distribution of social goods and responsibilities.
Capability Approach
Focus on enhancing individuals' capabilities and opportunities to choose the kind of life they value.
Libertarian Justice
A view that emphasizes individual freedom and voluntary association with minimal state interference.
Procedural Justice
Fairness in the processes that resolve disputes and allocate resources.
Social Justice
Promotion of just societies through fair treatment and a just distribution of resources.
Global Justice
Fairness in matters concerning international relations, especially in economic transactions between countries.
Recognition Justice
Acknowledging and respecting the differences among individuals and groups.
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