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- Title
Of Fair Markets and Distributive Justice.
- Authors
Sud, Mukesh; VanSandt, Craig
- Abstract
The authors argue that a free market paradigm facilitates wealth creation but does little to distribute that wealth in a just manner. In order to achieve the social goal of distributive justice, the concept of a fair market is introduced and explored. The authors then examine three drivers that can help improve the lives of all people, especially the poor: civil society, its institutions, and business. After exploring the roles these drivers might play in developing fair markets, we describe three enablers that serve as catalysts for change: the effects of globalization, the impact of technology, and the emergence of entrepreneurial activity. We conclude by making recommendations for establishing fair markets and provide exemplars of two firms that embody the arguments made in the article.
- Subjects
FREE enterprise -- Social aspects; CIVIL society -- Social aspects; INCOME inequality; FABINDIA Inc.; ITC (Company); COMMERCE
- Publication
Journal of Business Ethics, 2011, Vol 99, p131
- ISSN
0167-4544
- Publication type
Case Study
- DOI
10.1007/s10551-012-1230-9