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• Justice_(economics) abstract "Justice in economics is a subcategory of welfare economics with models frequently representing the ethical-social requirements of a given theory, whether "in the large," as of a just social order, or "in the small," as in the equity of "how institutions distribute specific benefits and burdens." That theory may or may not elicit acceptance. In the Journal of Economic Literature classification codes 'justice' is scrolled to at JEL: D63, wedged on the same line between 'Equity' and 'Inequality' along with 'Other Normative Criteria and Measurement'. Categories above and below the line are Externalities and Altruism.Some ideas about justice and ethics overlap with the origins of economic thought, often as to distributive justice and sometimes as to Marxian analysis. The subject is a topic of normative economics and philosophy and economics. In early welfare economics, where mentioned, 'justice' was little distinguished from maximization of all individual utility functions or a social welfare function. As to the latter, Paul Samuelson (1947), expanding on work of Abram Bergson, represents a social welfare function in general terms as any ethical belief system required to order any (hypothetically feasible) social states for the entire society as "better than," "worse than," or "indifferent to" each other. Kenneth Arrow (1963) showed a difficulty of trying to extend a social welfare function consistently across different hypothetical ordinal utility functions even apart from justice. Utility maximization survives, even with the rise of ordinal-utility/Pareto theory, as an ethical basis for economic-policy judgments in the wealth-maximization criterion invoked in law and economics.Amartya Sen (1970), Kenneth Arrow (1983), Serge-Christophe Kolm (1969, 1996, 2000), and others have considered ways in which utilitarianism as an approach to justice is constrained or challenged by independent claims of equality in the distribution of primary goods, liberty, entitlements, opportunity, exclusion of antisocial preferences, possible capabilities, and fairness as non-envy plus Pareto efficiency. Alternate approaches have treated combining concern for the worst off with economic efficiency, the notion of personal responsibility and (de)merits of leveling individual benefits downward, claims of intergenerational justice, and other non-welfarist/Pareto approaches.Justice is a subarea of social choice theory, for example as to extended sympathy, and more generally in the work of Arrow, Sen, and others.A broad reinterpretation of justice from the perspective of game theory, social contract theory, and evolutionary naturalism is found in works of Ken Binmore (1994, 1998, 2004) and others. Arguments on fairness as an aspect of justice have been invoked to explain a wide range of behavioral and theoretical applications,supplementing earlier emphasis on economic efficiency (Konow, 2003).".
• Justice_(economics) wikiPageID "9004984".
• Justice_(economics) wikiPageLength "19707".
• Justice_(economics) wikiPageOutDegree "62".
• Justice_(economics) wikiPageRevisionID "569671973".
• Justice_(economics) wikiPageWikiLink A_Theory_of_Justice.
• Justice_(economics) wikiPageWikiLink Abram_Bergson.
• Justice_(economics) wikiPageWikiLink Altruism.
• Justice_(economics) wikiPageWikiLink Amartya_Sen.
• Justice_(economics) wikiPageWikiLink Anarchy,_State,_and_Utopia.
• Justice_(economics) wikiPageWikiLink Behavioral_economics.
• Justice_(economics) wikiPageWikiLink Capability_approach.
• Justice_(economics) wikiPageWikiLink Category:Game_theory.
• Justice_(economics) wikiPageWikiLink Category:Justice.
• Justice_(economics) wikiPageWikiLink Category:Welfare_economics.
• Justice_(economics) wikiPageWikiLink Constitutional_economics.
• Justice_(economics) wikiPageWikiLink Cost-benefit_analysis.
• Justice_(economics) wikiPageWikiLink Cost–benefit_analysis.
• Justice_(economics) wikiPageWikiLink Deadweight_loss.
• Justice_(economics) wikiPageWikiLink Distribution_(economics).
• Justice_(economics) wikiPageWikiLink Distributive_justice.
• Justice_(economics) wikiPageWikiLink Economic_efficiency.
• Justice_(economics) wikiPageWikiLink Economic_inequality.
• Justice_(economics) wikiPageWikiLink Economic_policy.
• Justice_(economics) wikiPageWikiLink Economics.
• Justice_(economics) wikiPageWikiLink Envy-free.
• Justice_(economics) wikiPageWikiLink Envy-freeness.
• Justice_(economics) wikiPageWikiLink Equal_opportunity.
• Justice_(economics) wikiPageWikiLink Equality_of_opportunity.
• Justice_(economics) wikiPageWikiLink Equity_(economics).
• Justice_(economics) wikiPageWikiLink Evolution.
• Justice_(economics) wikiPageWikiLink Extended_sympathy.
• Justice_(economics) wikiPageWikiLink Externalities.
• Justice_(economics) wikiPageWikiLink Externality.
• Justice_(economics) wikiPageWikiLink Fair_division.
• Justice_(economics) wikiPageWikiLink Game_theory.
• Justice_(economics) wikiPageWikiLink Intergenerational_equity.
• Justice_(economics) wikiPageWikiLink Intergenerational_justice.
• Justice_(economics) wikiPageWikiLink JEL_classification_codes.
• Justice_(economics) wikiPageWikiLink Justice.
• Justice_(economics) wikiPageWikiLink Ken_Binmore.
• Justice_(economics) wikiPageWikiLink Kenneth_Arrow.
• Justice_(economics) wikiPageWikiLink Kenneth_Binmore.
• Justice_(economics) wikiPageWikiLink Laffer_curve.
• Justice_(economics) wikiPageWikiLink Law_and_economics.
• Justice_(economics) wikiPageWikiLink Marxian.
• Justice_(economics) wikiPageWikiLink Marxian_economics.
• Justice_(economics) wikiPageWikiLink Mathematical_problem.
• Justice_(economics) wikiPageWikiLink Naturalism_(philosophy).
• Justice_(economics) wikiPageWikiLink Normative_economics.
• Justice_(economics) wikiPageWikiLink Ordinal_utility.
• Justice_(economics) wikiPageWikiLink Ordinal_utility_function.
• Justice_(economics) wikiPageWikiLink Original_position.
• Justice_(economics) wikiPageWikiLink Pareto_efficiency.
• Justice_(economics) wikiPageWikiLink Paul_Samuelson.
• Justice_(economics) wikiPageWikiLink Philosophy_and_economics.
• Justice_(economics) wikiPageWikiLink Positive_economics.
• Justice_(economics) wikiPageWikiLink Representation_(mathematics).
• Justice_(economics) wikiPageWikiLink Serge-Christophe_Kolm.
• Justice_(economics) wikiPageWikiLink Social_choice.
• Justice_(economics) wikiPageWikiLink Social_choice_theory.
• Justice_(economics) wikiPageWikiLink Social_justice.
• Justice_(economics) wikiPageWikiLink Social_order.
• Justice_(economics) wikiPageWikiLink Social_welfare_function.
• Justice_(economics) wikiPageWikiLink Taxation_as_theft.
• Justice_(economics) wikiPageWikiLink Utilitarianism.
• Justice_(economics) wikiPageWikiLink Utility.
• Justice_(economics) wikiPageWikiLink Welfare_economics.
• Justice_(economics) wikiPageWikiLink Welfarism.
• Justice_(economics) wikiPageWikiLinkText "Justice (economics)".
• Justice_(economics) wikiPageWikiLinkText "Justice".
• Justice_(economics) wikiPageWikiLinkText "economic justice".
• Justice_(economics) wikiPageWikiLinkText "ethical".
• Justice_(economics) wikiPageWikiLinkText "just".
• Justice_(economics) wikiPageWikiLinkText "justice".
• Justice_(economics) date "August 2013".
• Justice_(economics) hasPhotoCollection Justice_(economics).
• Justice_(economics) reason "no introduction or any kind of structure, difficult to understand for non-experts".
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• Justice_(economics) wikiPageUsesTemplate Template:EndMultiCol.
• Justice_(economics) wikiPageUsesTemplate Template:MultiCol.
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• Justice_(economics) subject Category:Game_theory.
• Justice_(economics) subject Category:Justice.
• Justice_(economics) subject Category:Welfare_economics.
• Justice_(economics) hypernym Subcategory.
• Justice_(economics) comment "Justice in economics is a subcategory of welfare economics with models frequently representing the ethical-social requirements of a given theory, whether "in the large," as of a just social order, or "in the small," as in the equity of "how institutions distribute specific benefits and burdens." That theory may or may not elicit acceptance.".
• Justice_(economics) label "Justice (economics)".
• Justice_(economics) sameAs Justice_économique.
• Justice_(economics) sameAs m.027t384.
• Justice_(economics) sameAs Q3190382.
• Justice_(economics) sameAs Q3190382.
• Justice_(economics) wasDerivedFrom Justice_(economics)?oldid=569671973.
• Justice_(economics) isPrimaryTopicOf Justice_(economics).