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Quiz on Distributive Justice and the Outtake Principle

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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?

An unrealistic and inefficient reliance on labor productivity 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?

Concentration of economic power, corruption, crime, and exploitation Signup and view all the answers

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

Something new Signup and view all the answers

Distributive justice is based on which principle?

The outtake principle Signup and view all the answers

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

Organize with others to correct defective or unjust institutions 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?

The system itself Signup and view all the answers

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

Their labor alone Signup and view all the answers

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

Through both human and non-human inputs Signup and view all the answers

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

Capital assets in the form of technologies Signup and view all the answers

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

Binary productiveness, binary property right, and binary growth Signup and view all the answers

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

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