Globalization and Economic Ethics: Distributive Justice in the Knowledge Economy

Overview

What is the appropriate criterion to use for distributive justice? Is it efficiency, need, contribution, entitlement, equality, effort, or ability? Globalization and Economic Ethics maintains that far from being rival principles of distributive justice, efficiency and need satisfaction are, in fact, complementary norms in our emerging knowledge economy. After all, human capital plays the central role in effecting and sustaining long-term efficiency in the Digital Age. This book explores the vital link between ...

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Globalization and Economic Ethics: Distributive Justice in the Knowledge Economy

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Overview

What is the appropriate criterion to use for distributive justice? Is it efficiency, need, contribution, entitlement, equality, effort, or ability? Globalization and Economic Ethics maintains that far from being rival principles of distributive justice, efficiency and need satisfaction are, in fact, complementary norms in our emerging knowledge economy. After all, human capital plays the central role in effecting and sustaining long-term efficiency in the Digital Age. This book explores the vital link between human capital formation and allocative efficiency using the properties of the market and the knowledge economy as analytical tools.

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Product Details

  • ISBN-13: 9780230623002
  • Publisher: Palgrave Macmillan
  • Publication date: 12/15/2009
  • Edition description: First Edition
  • Edition number: 1
  • Pages: 304
  • Product dimensions: 5.50 (w) x 8.40 (h) x 0.90 (d)

Meet the Author

Albino Barrera is Professor of Economics and Humanities at Providence College in Rhode Island. His publications include Economic Compulsion and Christian Ethics (2005), God and the Evil of Scarcity: Moral Foundations of Economic Agency (2005), and Modern Catholic Social Documents and Political Economy (2001).

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Table of Contents

Overlapping Questions: Globalization and Distributive Justice
PART I: THE KNOWLEDGE ECONOMY * Microelectronics and Market Efficiency
• Requisite Agility
PART II: EFFICIENCY AS A CRITERION OF DISTRIBUTIVE JUSTICE * Efficiency Matters Even More in the Information Age: Considering the Distributive Dimension of Price
PART III: NEED AS A CRITERION OF DISTRIBUTIVE JUSTICE
Need Satisfaction as a Necessary Condition of Efficiency
• Broader Base for Market Initiative, Creativity, and Stability
PART IV: ENTITLEMENT AS A CRITERION OF DISTRIBUTIVE JUSTICE
Ownership Externalities
• Summary and Conclusions: Distributive Justice in the Knowledge Economy

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