MGT 3211 Lecture Notes - Lecture 3: Categorical Imperative, Golden Rule, Egalitarianism
Document Summary
How social and economic benefits should be distributed. Ideal distribution of benefits and burdens is simply maximizing. Equal in some respects, not in others. Theory of justice: all economic goods and services should be distributed equally except when an unequal distribution would work to everyone"s advantage, or to the advantage of those worst off in society. Priority given to distinctive procedures or mechanisms for ensuring that liberty rights are recognized in social and economic practice. Basic violation of justice to ensure equal economic returns in a society. Individual rights to own and dispense with the products of their labor as they choose. No pattern of just distribution independent of fair procedures of acquisitions, transfers. Market based economy, needs to have regulations to prevent greed. Ceos often over paid in comparison to other employees: social coverage for basic and catastrophic needs, private purchase of other goods and services. Some argue globalized economy harms the poor and satisfies the rich.
