Is the Market Wage the Just Wage? A Reassessment of Factor Pricing and Distributive Justice

2018 ◽  
Author(s):  
Peter J. Boettke ◽  
Rosolino Candela ◽  
Kaitlyn Woltz
Keyword(s):  
Distributive Justice ◽  
Market Wage

scholarly journals Is the Market Wage the Just Wage?

2018 ◽  
Vol 11 (2) ◽  
pp. 124-143
Author(s):  
Peter J. Boettke ◽  
Rosolino Candela ◽  
Kaitlyn Woltz
Keyword(s):  
Distributive Justice ◽  
Competitive Equilibrium ◽  
Market Process ◽  
The Political ◽  
Neoclassical Theory ◽  
Institutional Conditions ◽  
Political Economist ◽  
Explicit Theory ◽  
Market Wage ◽  
Normative Issues

Do markets generate a “just” wage? The answer to this question will depend upon the particular theory of the market that the political economist employs. When comparing actual labor markets with the neoclassical theory of competitive equilibrium as its normative benchmark, Joseph Heath (2018) argues that factor pricing is orthogonal to normative issues such as distributive justice. We argue that Heath’s conclusion, though not invalid, follows from a similar normative benchmark of equilibrium, one that evaluates factor pricing without taking into account the institutional conditions within which factor prices emerge. Though indeed classical political economists and early neoclassical economists failed to deliver an explicit theory of distributive justice, what Heath overlooks is that implicit to their understanding of the market process was an institutional theory of distributive justice.

The impact of social relationships on children’s distributive justice.

2020 ◽  
Vol 56 (1) ◽  
pp. 103-116
Author(s):  
Zhen Zhang
Keyword(s):  
Distributive Justice ◽  
Social Relationships ◽  
The Impact

Indian gaming: Social and disributive [distributive] justice issues

2008 ◽  
Author(s):  
Laurence A. French
Keyword(s):  
Distributive Justice ◽  
Indian Gaming

Discrete Emotions as Mediators Between Distributive Justice and Theft

2012 ◽  
Author(s):  
Christa L. Wilkin ◽  
Catherine E. Connelly
Keyword(s):  
Distributive Justice ◽  
Discrete Emotions

Distributive Justice Scale

1980 ◽  
Author(s):  
Robert D. Enright ◽  
Christina C. Franklin ◽  
Lesley A. Manheim
Keyword(s):  
Distributive Justice

Distributive Justice Scales

2002 ◽  
Author(s):  
Michael Wenzel
Keyword(s):  
Distributive Justice

Why Do We Pursue Equality? - Inquiry into Equality as the Baseline of Distributive Justice -

2019 ◽  
Vol 30 (1) ◽  
pp. 171-203
Author(s):  
Cheol Sung Son
Keyword(s):  
Distributive Justice
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