Justice And Economic Distribution Analysis

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Justice and Economic Distribution
Shaw, William H. Business ethics, Eighth edition. Cengage Learning, 2015.
Introduction
In the “article” Justice and economic Distribution,” Shaw details the idea that forms the fundamentals of justice associated with fairness, equality and rights within the conventions of economic distribution. Identically, it highlights the functional approach of economic justice within income and wealth acquisition. Moreover, the article examines the honorable consideration on independence and free exchange, in accordance with the libertarian theory, while giving a description of Rawls’ contractualist and egalitarian theory. Consequently, Shaw details the degree of ethical impact of tax rules in structuring the economic distribution …show more content…
Firstly, the theory of an equal share in distribution suggests equal income and wealth opportunities for all corporate individuals. In this case, it means regardless of work output or moral inclinations, all corporate individuals receive equal income or wealth. Secondly, the theory of distribution in accordance to individual need states that corporate individuals enjoy tax breaks because of their social contribution and welfare programs. The third theory suggests the awarding of promotions based on merit based on performance. Accordingly, the most contextual and specific theories of justice distribution in economy exist under three classes (Shaw 86). The first theory is the Utilitarian theory which rates impartiality based on emotional contentment. Also, it supports an economic system that promotes the communal welfare equally. In this case, it involves the fair management of human affairs in the corporate world. However, the normative nature of this theory does not necessarily qualify every social utility as a component of justice distribution (Shaw 88). Secondly, the libertarian theory economically indicates that corporate individuals do not deserve what they receive through gift or exchange but only entitled to what they receive most particularly in the market and free exchange line of business (Shaw 95). In this case, corporate …show more content…
Firstly, the top one million income earners take more than the bottom 56 million earners (Shaw 80). In this case, the top 0.1% of Americans earns 77 times more than the income of the bottom 90% bottom Americans (80). This clearly indicates the inequality in income and wealth distribution in the American Society. Secondly, the top executive earners in America receive compensation bonuses 42 times more than an average employee (Shaw 81). For this reason, it is fair to say that the economic status in America still favor the wealthy and still faces unequal corporate income and wealth
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