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Article

Volume 29 • Number 4

October 2015



 

 

Contribution, Reciprocity, and Justice


by Yingying Tang


Let's first imagine that all citizens within a society have gained an extensive scheme of equal basic liberties, and equality of opportunities to offices and positions has been achieved. Nevertheless, large inequalities in people's income and wealth remain. In this society, the distribution of economic goods is completely determined by a libertarian market system, that is, an unregulated free market system. Suppose that this year, 1 million people have paid $10 each to watch a supermodel's performance. One person, who is suffering from a disability, has paid $20,000 to a caretaker. As a result, this year, the supermodel earns $10 million, and the caretaker earns $20,000. So, in this unregulated free market system, the supermodel earns much more than the caretaker because the supermodel brings some pleasure to 1 million people while the caretaker only takes care of one person.


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ISSN: 2152-0542