The Market Economy as a Social System

The Market Economy as a Social System
Author :
Publisher : Springer
Total Pages : 217
Release :
ISBN-10 : 9789811318375
ISBN-13 : 9811318379
Rating : 4/5 (379 Downloads)

Book Synopsis The Market Economy as a Social System by : Hiroto Tsukada

Download or read book The Market Economy as a Social System written by Hiroto Tsukada and published by Springer. This book was released on 2018-08-30 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops John Rawls’s theory of justice by adding reality-based analyses. This is accomplished by answering the question of who makes rules and how, and by providing new answers to three of today’s most practical and critical issues. The question of who and how makes rules is discussed first; and group orientation instead of individualism, and a balance of negotiating power instead of a veil of ignorance are presented as new answers to this question. Based on this new understanding of rulemaking, three important practical rules are subsequently discussed: the rule of distribution of land and other natural resources, including the question of natural talent or who should bear the costs of children’s education; the rule of distribution of products; and what motives support our acts of kindness. These rules are all dealt with from a shared perspective, viewing society as a single integrated construct. Equal distribution of land, not private but public payment of education fees, strengthening employees’ bargaining power, and moving toward nobility-based kindness are put forward as central answers. By addressing critical questions on social rules and proposing answers, this book provides reliable principles to fall back on in our daily lives, and in our rapidly changing, globalized world.


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