Economic justice
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Economic justice describes views within moral philosophy regarding how economic effort and resources ought to be distributed.
Models of economic justice include:
- Laissez-faire capitalism: Economic outcomes are just when individuals are free to make economic decisions without interference from government, or violation of property rights;
- Egalitarianism: Economic outcomes are just when all individuals do similar amounts of work, and receive similar pay;
- Marxism: Economic outcomes are just when individuals produce according to their abilities and consume according to their needs;