Political Science 1020E Lecture Notes - Lecture 86: Wilt Chamberlain, Robert Nozick, Risk Aversion

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Markets : oversupply goods with positive externalities, undersupply goods with negative externalities, both a & b, neither a & b, always produce an optimal number of vibrators. How could base of institutions be organized. Justice is the first virtue of social institutions, as truth is the system of thought . Laws about marriage, family relationships, education, etc. Veil of ignorance is to rule out bias, self-interested but don"t know who you are. Veil lifted and if you have discriminated, might have done it against. Just principles derive from decision making that is just. They are in the circumstances of justice. Things must be thought about when making decisions. Idea of right & wrong, fundamentally just, moral equality. Idea of what gives meaning and value to life. This is ii so-called thin theory of the good : they want primary goods. Primary goods are things that any rational person wants no matter what else they want.

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