Podcast
Questions and Answers
What is justice defined as?
What is justice defined as?
- Misusing economic and social justice
- Giving to each what he or she is due (correct)
- Expanding the world's productive potential
- Resolving and avoiding human conflicts
What is the first challenge in pursuing and implementing justice in today's world?
What is the first challenge in pursuing and implementing justice in today's world?
- Understanding the inborn aversion to injustice
- Developing a conceptual framework
- Eliminating poverty
- Clarifying the terms economic and social justice (correct)
What is the potential of the Age of the Robot according to the text?
What is the potential of the Age of the Robot according to the text?
- Misusing economic and social justice
- Expanding the world's productive potential (correct)
- Eliminating poverty
- Resolving human conflicts
Which of the following is NOT one of the four cardinal virtues of classical moral philosophy?
Which of the following is NOT one of the four cardinal virtues of classical moral philosophy?
What is the ultimate purpose of all virtues?
What is the ultimate purpose of all virtues?
How is justice different from charity?
How is justice different from charity?
What are the two parts of justice according to Aristotle?
What are the two parts of justice according to Aristotle?
Which principle of economic justice involves how one makes an 'input' to the economic process through human and non-human contributions?
Which principle of economic justice involves how one makes an 'input' to the economic process through human and non-human contributions?
Which principle of economic justice defines the 'out-take' rights of an economic system based on each person's labor and capital inputs?
Which principle of economic justice defines the 'out-take' rights of an economic system based on each person's labor and capital inputs?
What is the guiding principle of distributive justice in modern economic justice?
What is the guiding principle of distributive justice in modern economic justice?
What is violated whenever an owner or worker is deprived of the fruits of his productive inputs?
What is violated whenever an owner or worker is deprived of the fruits of his productive inputs?
What is the guiding principle for controlling monopolies and re-synchronizing distribution with participation?
What is the guiding principle for controlling monopolies and re-synchronizing distribution with participation?
What is the logic of a free market economy?
What is the logic of a free market economy?
Why do most modern political economists reject Say's Law of Markets?
Why do most modern political economists reject Say's Law of Markets?
What is the third principle of Social Justice?
What is the third principle of Social Justice?
What was Marx's view on the impact of monopoly capitalism on wealth distribution?
What was Marx's view on the impact of monopoly capitalism on wealth distribution?
What did Keynes focus on in his analysis of the economy?
What did Keynes focus on in his analysis of the economy?
What is private property in law?
What is private property in law?
What was the solution proposed by Keynes to address unemployment and over-supply?
What was the solution proposed by Keynes to address unemployment and over-supply?
What is the primary social 'link' between a human being and the process of producing and distributing wealth?
What is the primary social 'link' between a human being and the process of producing and distributing wealth?
What is the role of a corporation in organizing private property rights in the means of production?
What is the role of a corporation in organizing private property rights in the means of production?
What is money according to the text?
What is money according to the text?
What does Louis Kelso believe money is?
What does Louis Kelso believe money is?
What is the purpose of proper creation of money?
What is the purpose of proper creation of money?
How do the Marxist and Kelso-Adler theories of economic justice differ?
How do the Marxist and Kelso-Adler theories of economic justice differ?
What is the connection between widespread distribution of property and political democracy?
What is the connection between widespread distribution of property and political democracy?
What is one challenge in pursuing and implementing justice in today's world?
What is one challenge in pursuing and implementing justice in today's world?
What is one possible definition of justice according to the text?
What is one possible definition of justice according to the text?
What is the potential of the Age of the Robot according to the text?
What is the potential of the Age of the Robot according to the text?
What is the primary social 'link' between a particular human being and the process of producing and distributing wealth?
What is the primary social 'link' between a particular human being and the process of producing and distributing wealth?
What are the four cardinal virtues of classical moral philosophy?
What are the four cardinal virtues of classical moral philosophy?
What is the key to distributive justice assuming economic values are set democratically and freely in a competitive marketplace?
What is the key to distributive justice assuming economic values are set democratically and freely in a competitive marketplace?
How does charity differ from justice?
How does charity differ from justice?
What is money according to the text?
What is money according to the text?
What are the two parts of justice according to Aristotle?
What are the two parts of justice according to Aristotle?
What is the purpose of money in a just free market economy according to the text?
What is the purpose of money in a just free market economy according to the text?
What is the broader concept that encompasses economic justice?
What is the broader concept that encompasses economic justice?
Which principle of economic justice involves equal access to the means of making a productive contribution to the economy?
Which principle of economic justice involves equal access to the means of making a productive contribution to the economy?
What is violated by institutions and laws that cause monopolistic or privileged access to participation in ownership of modern instruments of production?
What is violated by institutions and laws that cause monopolistic or privileged access to participation in ownership of modern instruments of production?
What does distributive justice involve according to the text?
What does distributive justice involve according to the text?
What is the postindustrial version of economic justice based on?
What is the postindustrial version of economic justice based on?
What was Keynes' solution to address unemployment and over-supply?
What was Keynes' solution to address unemployment and over-supply?
What was the main contribution made by Louis Kelso?
What was the main contribution made by Louis Kelso?
What did Marx's logic predict under monopoly capitalism?
What did Marx's logic predict under monopoly capitalism?
According to Say's Law, in a free market economy, supply would create its own demand, and demand its own supply. Why did Karl Marx and John Maynard Keynes reject Say's Law?
According to Say's Law, in a free market economy, supply would create its own demand, and demand its own supply. Why did Karl Marx and John Maynard Keynes reject Say's Law?
What is the guiding principle of distributive justice that governs both 'feedback' and 'correction' in an economy?
What is the guiding principle of distributive justice that governs both 'feedback' and 'correction' in an economy?
What are the basic economic decisions that can be made on a more decentralized and personalized basis in a system with expanded consumer sovereignty?
What are the basic economic decisions that can be made on a more decentralized and personalized basis in a system with expanded consumer sovereignty?
Why have free market policies seldom been supported by a broad political constituency throughout history?
Why have free market policies seldom been supported by a broad political constituency throughout history?
What is the main difference between the Marxist and Kelso-Adler theories of economic justice?
What is the main difference between the Marxist and Kelso-Adler theories of economic justice?
What is the role of property in the economic world according to the text?
What is the role of property in the economic world according to the text?
What did the Virginia Declaration of Rights, the forerunner of America's Declaration of Independence and the Bill of Rights, declare as the highest purposes for forming any just government?
What did the Virginia Declaration of Rights, the forerunner of America's Declaration of Independence and the Bill of Rights, declare as the highest purposes for forming any just government?
What is the key focus of moral philosophers in the Third Millennium according to the text?
What is the key focus of moral philosophers in the Third Millennium according to the text?
What is one of the challenges in pursuing and implementing justice in today's world?
What is one of the challenges in pursuing and implementing justice in today's world?
What is one definition of justice according to the text?
What is one definition of justice according to the text?
What is the role of property in the economic world according to the text?
What is the role of property in the economic world according to the text?
Which virtue is NOT one of the four cardinal virtues of classical moral philosophy?
Which virtue is NOT one of the four cardinal virtues of classical moral philosophy?
What is the soul of justice?
What is the soul of justice?
What is the highest aim of charity?
What is the highest aim of charity?
What is the ultimate purpose of economic justice?
What is the ultimate purpose of economic justice?
What was the main focus of Keynes' economic theory?
What was the main focus of Keynes' economic theory?
What did Marx's logic predict under monopoly capitalism?
What did Marx's logic predict under monopoly capitalism?
What was the main contribution made by Louis Kelso?
What was the main contribution made by Louis Kelso?
What is property in law?
What is property in law?
What are the rights of private property under the law?
What are the rights of private property under the law?
What is private property in corporate equity?
What is private property in corporate equity?
Why is private property essential to economic justice?
Why is private property essential to economic justice?
What are the three essential pillars of the expanded ownership theory of economic justice?
What are the three essential pillars of the expanded ownership theory of economic justice?
What is the guiding principle of distributive justice in modern economic justice?
What is the guiding principle of distributive justice in modern economic justice?
What is violated by institutions and laws that cause monopolistic or privileged access for a few to participation in ownership of modern instruments of production?
What is violated by institutions and laws that cause monopolistic or privileged access for a few to participation in ownership of modern instruments of production?
What is the principle of distribution based on justice matched to each person's labor and capital inputs?
What is the principle of distribution based on justice matched to each person's labor and capital inputs?
What is the main difference between the Marxist and Kelso-Adler theories of economic justice?
What is the main difference between the Marxist and Kelso-Adler theories of economic justice?
What is the role of property in the economic world according to the text?
What is the role of property in the economic world according to the text?
What is the potential impact of the Age of the Robot according to the text?
What is the potential impact of the Age of the Robot according to the text?
What is the guiding principle for controlling monopolies and re-synchronizing distribution with participation?
What is the guiding principle for controlling monopolies and re-synchronizing distribution with participation?
According to Say's Law, in a free market economy, what would create its own demand?
According to Say's Law, in a free market economy, what would create its own demand?
Why did Marx argue that Say's Law would not work in a market economy?
Why did Marx argue that Say's Law would not work in a market economy?
What is the main difference between the Marxist and Keynesian views on Say's Law?
What is the main difference between the Marxist and Keynesian views on Say's Law?
What is the logic behind balancing input and out-take in a free market economy?
What is the logic behind balancing input and out-take in a free market economy?
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