31 Mar 2022

61

Economic Justice and Political Theory

Format: APA

Academic level: College

Paper type: Essay (Any Type)

Words: 512

Pages: 2

Downloads: 0

Robert Nozick, Ayn Rand, and others devised the libertarian theory. This concept is a political philosophy, which upholds liberty as the primary objective. The aim of this theory is to maximize freedom and autonomy of choice, insisting on voluntary association, political freedom and the primacy of individual judgment (Rawls, 1999). Libertarianism argues that only a “minimal state” dedicated to protecting people against crimes of robbery, assault, and fraud can be morally justified. As such, it suggests that the basic question of political philosophy is not how governments are organized but whether we should have any state at all. This argument relates to John Locke’s philosophy that “ government is legitimate only to the degree that it promotes greater security for life, liberty, and property than would exist in a chaotic, pre-political state of nature” (Rawls, 1999). However, libertarians believe that the need for security justifies a minimal like the state or the night watchman because we cannot prove that citizens will achieve any security intense government intervention. 

The resulting principles of economic justice agreed in the libertarian stance is that everyong holds equal rights to the most expansive basic liberties compatible with an equivalent scheme of liberties for other people. This implies that those fundamental liberties include the right to hold office and the right to vote, freedom of choice, liberty of conscience and right to hold personal property. Besides, economic and social inequalities must be arranged in such a way that they generate the greatest expected benefits of the least advantaged. This requires that citizens think about economic inequalities by exploring a perfect condition of equality. Deviation from the imagined perfect state of equality is specifically justifiably on condition that the least advantaged in the society must be better off than they would be in the initial condition of perfect equality. As such, Nozick et al. means the “ infringement of the equal basic liberties protected by the first principle cannot be justified, or compensated for, by greater social and economic advantages ” (Rawls, 1999). Simply put, it is improper to mess with individuals’ basic liberties to make the disadvantaged in the society better off as expected by the cited principle. This is because the basic human liberties are fixed. 

It’s time to jumpstart your paper!

Delegate your assignment to our experts and they will do the rest.

Get custom essay

From the perspective of government distribution of wealth, libertarians seem divided. The Right-wing libertarians argue that unowned properties " may be appropriated by the first person who discovers them, mixes his labor with them, or merely claims them—without the consent of others, and with little or no payment to them " (Tomasi, 2012). This implies that all properties are originally unowned, and thus private individuals could appropriate them willingly without any consent. As such, self-ownership allows an unequal distribution of natural resources and property, which results in concentrations of economic power so long as it is achieved through a non-coercive method. 

Contrary, the left-wing libertarians contend that neither mixing nor claiming one’s labor with existing resources is adequate to produce complete private property ownership (Tomasi, 2012). This suggests that property and natural resources should be held in an egalitarian manner either owned or unowned collectively. These libertarians often reject private property ownership for a mutual enjoyment of property and natural resources. According to the general libertarianism, for the state or the government to meddle in such areas, it violates the libertarian principle of freedom and hence illegitimate. This approach emphasizes on freedom as holding greater merit. They believe that all people “ are citizens of the land of the free " (Tomasi, 2012).

References

Rawls, J. (1999). A theory of justice. Cambridge, Mass: Belknap Press of Harvard University Press.

Tomasi, J. (2012 ). Free market fairness. Princeton: Princeton University Press.

Illustration
Cite this page

Select style:

Reference

StudyBounty. (2023, September 15). Economic Justice and Political Theory.
https://studybounty.com/economic-justice-and-political-theory-essay

illustration

Related essays

We post free essay examples for college on a regular basis. Stay in the know!

17 Sep 2023
Philosophy

Personal Leadership Philosophy

Personal Leadership Philosophy _ Introduction_ My college professor once told me that, “Education without values, as useful as it is, seems rather to make man a more clever devil.” The above quote by C.S Lewis...

Words: 1773

Pages: 7

Views: 380

17 Sep 2023
Philosophy

Social Contract Theory: Moral and Political Obligations

Social Contract Theory Social Contract theory is a theory which says that one's moral and political obligations rely on an agreement, the contract existing among them in society. Some people hold a belief that we...

Words: 332

Pages: 1

Views: 460

17 Sep 2023
Philosophy

The Tenets of Logical Positivism

Logical positivist has been known to always been known to deny the dependability of metaphysics and traditional philosophy thus arguing that all most of the problems found in philosophy are meaningless and without...

Words: 287

Pages: 1

Views: 88

17 Sep 2023
Philosophy

Moral Behaviour Is Necessary For Happiness

Introduction Ethics is a broad field within the larger field of moral philosophy that aims at distinguishing between good and bad. It sets the standard by which people in a society should behave towards each...

Words: 1940

Pages: 7

Views: 167

17 Sep 2023
Philosophy

Social Contract Theories of Hobbles and Rousseau

The social contract theory is based on the context that in the beginning, human beings coexisted in a system that was nature-driven. The society was at least less oppressive, and policy-oriented legal regimes were...

Words: 816

Pages: 3

Views: 97

17 Sep 2023
Philosophy

Applying Six-Step Model to the Personal Problem

Since I was born until today, my life has been full of decision-making and problem-solving as I attempt to come out with the best solutions. However, sometimes, I realize that most decisions I made are affecting me...

Words: 1428

Pages: 5

Views: 120

illustration

Running out of time?

Entrust your assignment to proficient writers and receive TOP-quality paper before the deadline is over.

Illustration