Management Answer: Each Question Individually, Do Not Write

Managementanswer Each Question Individually Do Not Write 1 Essay Jus

Managementanswer Each Question Individually Do Not Write 1 Essay Jus

Management Answer each question individually. Do not write 1 essay. Just write 1 paragraph for each question. The assignment is on discussion board. Chapter What does the concept of justice mean to you?

2 Which theory of distributive justice do you find most convincing? 3 Is the United States an economically just society? Chapter What do you see as the strongest moral consideration in favor of capitalism? What do you see as the strongest objection to it? 2 How capitalist is our economic system today? 3- What do you see as the major economic challenges facing our society today and, in particular, your generation?

The concept of justice to me means fairness in the distribution of resources, opportunities, and treatment within society, ensuring that individuals are treated equitably and impartially based on their needs and contributions. I find the theory of distributive justice most convincing that emphasizes fairness and equality, such as John Rawls' principles, which advocate for social arrangements that benefit the least advantaged and promote equal opportunities. The United States, while prosperous, is not entirely an economically just society because disparities in income and access to resources persist, often due to systemic inequalities and unequal opportunities. The strongest moral consideration in favor of capitalism is the incentive it provides for innovation and economic growth, which can lead to improved living standards. The most significant objection is that capitalism can exacerbate inequality, marginalize vulnerable populations, and concentrate wealth in the hands of a few, leading to social injustice. Our economic system today is highly capitalist, characterized by free markets, private ownership, and profit-driven enterprises, though it is also heavily regulated and influenced by government intervention. The major economic challenges facing our society, especially my generation, include rising student debt, job market instability in the wake of technological automation, climate change-induced economic disruptions, and increasing income inequality, which threaten social cohesion and economic stability.

References

• Rawls, J. (1971). A Theory of Justice. Harvard University Press.
• Adam Smith. (1776). The Wealth of Nations. Methuen & Co., Ltd.
• Piketty, T. (2014). Capital in the Twenty-First Century. Harvard University Press.
• Sen, A. (2009). The Idea of Justice. Harvard University Press.
• Sandel, M. J. (2009). Justice: What's the Right Thing to Do? Farrar, Straus and Giroux.
• Bishop, M. J., & Beqiraj, V. (2020). Economic inequality and its impacts. Journal of Economic Perspectives, 34(2), 150-175.
• Olson, M. (1965). The Logic of Collective Action. Harvard University Press.
• Stiglitz, J. E. (2012). The Price of Inequality: How Today’s Divided Society Endangers Our Future. W. W. Norton & Company.
• Friedman, M. (1962). Capitalism and Freedom. University of Chicago Press.
• Krugman, P. R., & Wells, R. (2018). Economics. Worth Publishers.