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Justice: Utilitarian and Pareto Principles

In: 45 Conversations About Behavioral Economics

Author

Listed:
  • Li Way Lee

    (Wayne State University)

  • Aaron Keathley

    (Wayne State University)

Abstract

What is justice? It is hard to have agreement on justice about a fixed system. It is a little easier to have agreement on justice about a change in a system. Take a population of two persons: Rich and Poor. Say Rich makes $8 and Poor $2. Then suppose a policy change takes place, with the result that Rich makes $15 and Poor makes $5. Is the policy change just? Let's make use of two principles. The Utilitarian Principle says that a change is just if and only if the change benefits the greatest number of people. The Pareto Principle says that a change is just if and only if it makes at least one person better off, and nobody worse off. What do you think?

Suggested Citation

  • Li Way Lee & Aaron Keathley, 2022. "Justice: Utilitarian and Pareto Principles," Springer Books, in: 45 Conversations About Behavioral Economics, chapter 0, pages 181-183, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-05046-6_44
    DOI: 10.1007/978-3-031-05046-6_44
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