The theories of economic justice and the justification for employing utilitarian principles to support the economic development of society

Type :

Presentation

Pages :

7 pages

Format :

.doc

Published date :

06/15/2008

Category :

Economics & finance

Sub category :

Economics

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Summary :

Introduction
In Defense of Utilitarianism
1. Even though it seems fair to argue that maximizing the total well-being of society could carry with it a number of challenges, the specific argument that this situation permits an unfair distribution of burdens and benefits does not appear quite accurate.
2. As such, your rules or regulations should be put in place to restrain the individual's access to the free market
3. Overall, it is quite evident that the utilitarian view of economic justice is one that is not without its problems.
Application of Utilitarian Thought to Affirmative Action
1. Arguably, the basic theoretical premise of affirmative action policies is quite definitive overall.
2. Now that the specific context of the problems associated with affirmative action have been clearly elucidated, it is now possible to consider these issues in the context of the utilitarian views on economic justice.
3. In an attempt to address the faulty assumptions utilized in the policy of affirmative action broader, more universal social changes are necessary in order to ensure that all candidates applying for a specific job have the same qualifications.
Conclusion

Abstract

Throughout the course of history a number of notable scholars have stepped forward to offer their views on how society should create a utopian existence. Although each of these scholars has been able to address the fundamental issues facing the development of social and economic discourse, subsequent reviews of their work have yielded notable problems and controversies with each proposed theory. As a direct consequence of this process, individuals reading the works of these philosophers are left to their own devices to synthesize the research of these scholars and decide which ideology, when put into practice, would come closest to achieving the desired utopia. While the specific scholar and theory chosen in this situation will be heavily influenced by existing social, economic and political conditions, it is possible to select a theory and provide a salient argument for its development and application to broader social issues.
Utilizing the three theories of economic justice-utilitarianism, libertarian and Rawls' theory on economic justice-as presented by Shaw and Barry (2005), this investigation provides a clear overview of these theories and a justification for employing utilitarian principles to support the economic development of society.