Quiz on Distributive Justice and the Outtake Principle
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Questions and Answers

What does Louis Kelso's binary economics system divide the factors of production into?

  • Human and non-human (correct)
  • Capital and entrepreneurship
  • Marketable outputs and incomes
  • Land and labor

    • What is the central tenet of binary economics according to the text?

  • Correcting structural economic defects
  • Analyzing global poverty and environmental destruction
  • Linking marketable outputs to incomes (correct)
  • Recognizing land and entrepreneurship as distinct productive categories

    • Who is one of the few writers who accurately describes Louis Kelso's paradigm according to the text?

  • Norman G. Kurland
  • William Greider (correct)
  • One of the critics
  • None of the above

    • What is the fundamental flaw in today's dominant economic paradigms?

    <p>An unrealistic and inefficient reliance on labor productivity</p> Signup and view all the answers

    What are some of the negative consequences of the blind spots in traditional economic theories according to the text?

    <p>Concentration of economic power, corruption, crime, and exploitation</p> Signup and view all the answers

    What does the text suggest is needed if we believe in democracy and empowering every person?

    <p>Something new</p> Signup and view all the answers

    Distributive justice is based on which principle?

    <p>The outtake principle</p> Signup and view all the answers

    Social justice places a personal responsibility on every member of a group or institution to do what?

    <p>Organize with others to correct defective or unjust institutions</p> Signup and view all the answers

    What do binary economists believe is the real problem in the system controlling access to money, credit, and capital ownership?

    <p>The system itself</p> Signup and view all the answers

    What do most people expect to legitimate their incomes through under current economic policies?

    <p>Their labor alone</p> Signup and view all the answers

    According to binary economics, how can a person be entitled to a commensurate distribution?

    <p>Through both human and non-human inputs</p> Signup and view all the answers

    What does binary economics attribute most of the increases in the labor-capital mix to?

    <p>Capital assets in the form of technologies</p> Signup and view all the answers

    What are the three concepts that set binary economics apart from preceding economic approaches?

    <p>Binary productiveness, binary property right, and binary growth</p> Signup and view all the answers

    What are the four pillars of a truly free and just global marketplace according to binary economics?

    <p>Universal access to money, private property rights, limited economic power of the state, and open markets</p> Signup and view all the answers

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