Wednesday, October 25, 2017
Varieties of Justice
A simple model illustrates how Economic Justice combines Contributive, Reciprocatory, and Distributive Justices. If 5 investors each purchase a share for $100, and the return is $1000, each receives $200 back. So, $100 is Contributive, 5-way split is Distributive, and $200 is Reciprocatory. Likewise, if one of the 5 purchases 4 shares, and the yield is $1600, that one receives $800, and the others $200. So, in this case, Contributive Justice remains $100 per share, Distributive Justice consists in a 4-1-1-1-1 pattern, and Reciprocatory Justice involves 4 $200 and 1 $800 returns.
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