Issaoui, Fakhri and El Montasser, Ghassen (2013): Rethinking a New Conceptual Relation Between Economic Justice, Democracy, and liberal system: An economic point of view.
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Abstract
Liberals and libertarians believe that justice is deeply embodied in liberalism. The famous physiocratic maxim "let them do business, let people and goods move: the world works by itself" relegated to second place some virtues such as justice and equity by considering them as mechanical outputs produced by market mechanisms. The invisible hand of Adam Smith is so benevolent that it inherently purifies various actions of the market. However, reality does not often look forward to these considerations often qualified as ideal. The market is not fair and Pareto optimality is still running even if an individual walks away from the rich to the detriment of another. A rereading of justice by Rawls empowered liberalism to return to normality long sought and rarely approved. However, at the level of political governance, justice is far from being installed whenever democracy casts away almost all individuals (people) and supports a few to govern. This latter, hypothetically unable to personify and care for individuals, is forced to crush individual preferences by directing them to an unknown preference qualified as the people's preference. The aim of this paper is to study this issue by emphasizing the obligation of reviewing democracy so that it serves best the values of liberalism and justice.
Item Type: | MPRA Paper |
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Original Title: | Rethinking a New Conceptual Relation Between Economic Justice, Democracy, and liberal system: An economic point of view |
Language: | English |
Keywords: | justice, fairness, Liberalism, preference transmission |
Subjects: | A - General Economics and Teaching > A1 - General Economics > A10 - General A - General Economics and Teaching > A1 - General Economics > A11 - Role of Economics ; Role of Economists ; Market for Economists A - General Economics and Teaching > A1 - General Economics > A14 - Sociology of Economics |
Item ID: | 45114 |
Depositing User: | Ghassen El Montasser |
Date Deposited: | 16 Mar 2013 04:33 |
Last Modified: | 16 Oct 2019 11:36 |
References: | Adam. S. 2000, “La recherche sur la nature et les causes de la richesse des nations, Economica. Amartya. S. 1987, “Ethique et économie”, Paris, PUF. Constant B. 1814, “ De la liberté chez les modernes”, Paris, Gallimard. Fukuyama, F. 1992. The End of History and the Last Man.The Free Press. Gilbert B. 1990, “John Stuart Mill : Induction et Utilité”, Paris, PUF. Hayek F (1973), “Law, Legislation, and Liberty”, University of Chicago Press. Issaoui F (2011), “Le Management de Développement en Afrique (Agir sur les capabilités)” ; Global Journal of Management and Business research (GJMBR) Volume 11 Issue 1 Publisher: Global Journals Inc. (USA). Issaoui F. 2011, “Amartya Sen : relecture de l’Etat et de la justice” African Sociological Review Volume 15, n°1. Issaoui F. 2012, “Francophonie et Mondialisation : vers une cimentation économique (une réflexion socio-économique) ” Global Journal of Human Social Sciences (GJHSS); Volume 12 n°3, Publisher: Global Journals Inc. (USA). Rawls J. 1987 “La théorie de la justice” , Edition du Seuil. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/45114 |
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Rethinking a New Conceptual Relation Between Economic Justice, Democracy, and liberal system: An economic point of vue. (deposited 28 Feb 2013 21:33)
- Rethinking a New Conceptual Relation Between Economic Justice, Democracy, and liberal system: An economic point of view. (deposited 16 Mar 2013 04:33) [Currently Displayed]