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- Title
Of Fortunes and Fortune: Justice and the Variety of Inputs to Wealth.
- Authors
Duncan, Craig
- Abstract
Many Americans believe that a free market economy effectively rewards its participants their just deserts. This is so, it will be said, because in a free market hard workers will earn more than lazy workers, and entrepreneurs with good ideas will fare better than entrepreneurs with lousy ideas. On this way of viewing things, government interferences in market outcomes are unjust, since such interferences presumably take away money from people who deserve it and give money to people who do not deserve it. According to this view, then, justice requires a "hands off" approach to market outcomes--in short, justice requires a "laissezfaire" economic system.
- Subjects
FREE enterprise; WEALTH effect (Economics); SOCIAL security
- Publication
Philosophic Exchange, 2014, Vol 44, Issue 2, p1
- ISSN
0193-5046
- Publication type
Article