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Books > Humanities > Philosophy > Topics in philosophy > Social & political philosophy
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Exploitation and Economic Justice in the Liberal Capitalist State (Hardcover)
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Exploitation and Economic Justice in the Liberal Capitalist State (Hardcover)
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Exploitation and Economic Justice in the Liberal Capitalist State
develops the first new, liberal theory of economic justice to
appear since John Rawls and Ronald Dworkin proposed their
respective theories back in the 1970s and early 1980s. It does this
by presenting a new, liberal egalitarian, non-Marxist theory of
exploitation that is designed to be a creature of capitalism, not a
critique of it. Indeed, the book shows how we can regulate economic
inequality using the presuppositions of capitalism and political
liberalism that we already accept. In doing this, the book uses two
concepts or tools: a re-conceived notion of the ancient doctrine of
the just price, and the author's own concept of intolerable
unfairness. The resulting theory can then function as either a
supplement to or a replacement for the difference principle and
luck egalitarianism, the two most popular liberal egalitarian
theories of economic justice of today. It provides a new,
highly-topical, specific moral justification not only for raising
the minimum wage, but also for imposing a maximum wage, for
continuing to impose an estate tax on the wealthiest members of
society, and for prohibiting certain kinds of speculative trading,
including trading in derivatives such as the now infamous credit
default swap and other related exotic financial instruments.
Finally, it provides a new specific moral justification for dealing
with certain aspects of climate change now regardless of what other
nations do. Yet it is still designed to be the object of an
overlapping consensus - that is, it is designed to be acceptable to
those who embrace a wide range of comprehensive moral and political
doctrines, not only liberal egalitarianism, but right and left
libertarianism too.
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