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What is the primary goal of the principle of participation?
What is the primary goal of the principle of participation?
What is the relationship between distributive justice and participative justice?
What is the relationship between distributive justice and participative justice?
What is the primary function of social justice?
What is the primary function of social justice?
What is the link between private property and distributive justice?
What is the link between private property and distributive justice?
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What is the role of government in achieving distributive justice?
What is the role of government in achieving distributive justice?
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What is the distinction between distributive justice and charity?
What is the distinction between distributive justice and charity?
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What is the effect of monopolies and special privileges on participative justice?
What is the effect of monopolies and special privileges on participative justice?
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What is the relationship between economic institutions and distributive justice?
What is the relationship between economic institutions and distributive justice?
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What is the primary concern of Participative Justice in economic institutions?
What is the primary concern of Participative Justice in economic institutions?
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What is the ultimate goal of Social Justice in economic systems?
What is the ultimate goal of Social Justice in economic systems?
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What is the relationship between Distributive Justice and social institutions?
What is the relationship between Distributive Justice and social institutions?
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What is the main objective of Social Justice in controlling monopolies?
What is the main objective of Social Justice in controlling monopolies?
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What is the role of private property in the context of economic justice?
What is the role of private property in the context of economic justice?
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What is the underlying principle of economic harmony?
What is the underlying principle of economic harmony?
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What is the primary concern of Social Justice in promoting economic harmony?
What is the primary concern of Social Justice in promoting economic harmony?
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What is the relationship between Social Justice and universal values?
What is the relationship between Social Justice and universal values?
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What is the primary goal of economic justice according to the text?
What is the primary goal of economic justice according to the text?
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What is the role of social institutions in achieving economic justice?
What is the role of social institutions in achieving economic justice?
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What is the primary focus of Participative Justice?
What is the primary focus of Participative Justice?
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What is the relationship between the three principles of economic justice?
What is the relationship between the three principles of economic justice?
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What is the primary objective of economic institutions?
What is the primary objective of economic institutions?
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What is the role of private property in Participative Justice?
What is the role of private property in Participative Justice?
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What is the primary function of Social Justice in the context of economic justice?
What is the primary function of Social Justice in the context of economic justice?
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What is the consequence of weakening or missing any of the three principles of economic justice?
What is the consequence of weakening or missing any of the three principles of economic justice?
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What is the ultimate purpose of economic justice?
What is the ultimate purpose of economic justice?
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According to the principles of economic justice, what is the role of social institutions?
According to the principles of economic justice, what is the role of social institutions?
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What is the purpose of the three principles of economic justice?
What is the purpose of the three principles of economic justice?
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What is the focus of Participative Justice in economic institutions?
What is the focus of Participative Justice in economic institutions?
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What happens when any of the three principles of economic justice are weakened or missing?
What happens when any of the three principles of economic justice are weakened or missing?
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What is the relationship between economic institutions and social justice?
What is the relationship between economic institutions and social justice?
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What is the focus of Social Justice in economic institutions?
What is the focus of Social Justice in economic institutions?
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What is the ultimate goal of social justice in economic systems?
What is the ultimate goal of social justice in economic systems?
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What is the primary motivation behind the human striving for Social Justice?
What is the primary motivation behind the human striving for Social Justice?
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What is the result of Participative and Distributive Justice operating fully in an economic system?
What is the result of Participative and Distributive Justice operating fully in an economic system?
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What is the primary goal of controlling monopolies in the context of Social Justice?
What is the primary goal of controlling monopolies in the context of Social Justice?
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What is the primary purpose of the virtue of justice?
What is the primary purpose of the virtue of justice?
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What is the underlying principle of the first two principles of economic justice?
What is the underlying principle of the first two principles of economic justice?
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What is the primary distinction between the concept of Social Justice and the principle of limitation?
What is the primary distinction between the concept of Social Justice and the principle of limitation?
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What is the distinction between justice and charity?
What is the distinction between justice and charity?
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What is the highest aim of charity?
What is the highest aim of charity?
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What is the primary consequence of violating the principle of participation in an economic system?
What is the primary consequence of violating the principle of participation in an economic system?
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What is the primary relationship between economic justice and universal values?
What is the primary relationship between economic justice and universal values?
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What is social justice, according to the text?
What is social justice, according to the text?
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What is the relationship between justice and charity?
What is the relationship between justice and charity?
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What is the primary objective of Social Justice in the context of economic institutions?
What is the primary objective of Social Justice in the context of economic institutions?
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What is the ultimate purpose of all the virtues?
What is the ultimate purpose of all the virtues?
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What is the main reason why participative justice does not guarantee equal economic outcomes?
What is the main reason why participative justice does not guarantee equal economic outcomes?
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What is the definition of justice, according to the text?
What is the definition of justice, according to the text?
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What is the distinction between the virtues of faith, hope, and charity, and the four cardinal virtues?
What is the distinction between the virtues of faith, hope, and charity, and the four cardinal virtues?
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What is the primary mechanism for determining the just price, wage, and profit in a system of distributive justice?
What is the primary mechanism for determining the just price, wage, and profit in a system of distributive justice?
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What is the consequence of confusing distributive justice with charity?
What is the consequence of confusing distributive justice with charity?
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What is the primary role of social justice in economic systems?
What is the primary role of social justice in economic systems?
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What is the relationship between monopolies and participative justice?
What is the relationship between monopolies and participative justice?
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What is the basis of distributive justice?
What is the basis of distributive justice?
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What is the primary condition for distributive justice to be effective?
What is the primary condition for distributive justice to be effective?
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What is the underlying principle of social justice?
What is the underlying principle of social justice?
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Study Notes
The Principle of Participation
- Does not guarantee equal results, but ensures equal human right to participate in the production of marketable goods and services
- Requires equal access to labor and productive capital for every person
- Rejects monopolies, special privileges, and other exclusionary social barriers to full participation and economic self-reliance
Distributive Justice
- Defines the output or out-take rights of an economic system matched to each person's labor and capital inputs
- Linked to participative justice, ensuring incomes are linked to productive contributions
- Involves the sanctity of property and contracts
- Based on the idea "to each according to his contribution", not "to each according to his needs"
- Free and open marketplace determines the just price, wage, and profit
Social Justice
- The "feedback and corrective" principle that detects distortions of the input and out-take principles
- Guides corrections needed to restore a just and balanced economic order for all
- Imposes personal responsibility to collaborate with others to design and perfect institutions for personal and social development
Defining Economic Justice
- Encompasses moral principles that guide the design of economic institutions
- Determines how each person earns a living, enters into contracts, and exchanges goods and services
- Ultimate purpose is to free each person to engage creatively in the unlimited work beyond economics
The Three Principles of Economic Justice
- Participative Justice (input principle): equal access to means of acquiring private property and engaging in productive work
- Distributive Justice (out-take principle): output or out-take rights matched to labor and capital inputs
- Social Justice (feedback and corrective principle): detects distortions and guides corrections to restore a just and balanced economic order
Graphical Representation
- The three principles of economic justice can be depicted as a three-legged stool, where if any principle is weakened or missing, the system will collapse
Defining Justice
- Justice is giving to each person what they are due, but the problem lies in determining what is due.
- Justice is a set of universal principles that guide people in judging what is right and wrong, regardless of culture and society.
- Justice is one of the four "cardinal virtues" of classical moral philosophy, along with courage, temperance, and prudence.
Distinguishing Justice from Charity
- Justice and charity are often confused, but they are distinct virtues.
- Charity is derived from the Latin word "caritas" or "divine love," and it is the soul of justice.
- Justice supplies the material foundation for charity, while charity deals with the spirit of human interactions and exceptional cases.
Defining Social Justice
- Social justice encompasses economic justice.
- Social justice guides us in creating institutions that provide access to what is good for the person, both individually and in associations with others.
- Social justice imposes a personal responsibility on each of us to collaborate with others to design and perfect our institutions.
Defining Economic Justice
- Economic justice touches the individual person as well as the social order.
- Economic justice encompasses the moral principles that guide us in designing our economic institutions.
- The ultimate purpose of economic justice is to free each person to engage creatively in work beyond economics, that of the mind and the spirit.
The Three Principles of Economic Justice
- Participative Justice is the input principle, requiring equal access to the means of acquiring private property in productive assets.
- Distributive Justice is the out-take principle, defining the rights of an economic system matched to each person's labor and capital inputs.
- Social Justice is the feedback and corrective principle, detecting distortions and guiding corrections to restore a just and balanced economic order.
Key Principles of Economic Justice
- Participative Justice requires equal opportunity to participate in the production of marketable goods and services through labor and/or productive capital.
- Distributive Justice involves the sanctity of property and contracts, and incomes are linked to productive contributions.
- Social Justice detects distortions of the input and out-take principles and guides corrections to restore a just and balanced economic order.
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Description
This quiz explores the principles of economic participation and distributive justice, including the right to contribute to market production and the rejection of monopolies and social barriers.