FREEDOM, CAPITALISM, AND INSTITUTIONS FOR DELIVERING SOCIAL JUSTICE

Nisigandha Bhuyan ()
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Nisigandha Bhuyan: Indian Institute of Management Calcutta

No 3505742, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: The economic system of capitalism thrives on two things: individuals? freedom and private property rights. However, individual freedom as it has come to be understood by modern political and economic institutions is only limited to individual choice. If individual choice, in the name of freedom, is so promoted then social justice remains to be a highly distant idea. Social justice can be possible if only choice is morally reasoned and importance is given to what is chosen rather than self-gratifying individual choice. In other words, do economic and political systems allow room for philosophical deliberations, beyond ornamental, instinctive and/or idiosyncratic discussions.

Keywords: ethics; capitalism; social justice; moral reasoning; individual freedom (search for similar items in EconPapers)
JEL-codes: A13 P16 (search for similar items in EconPapers)
Pages: 1 page
Date: 2016-04
New Economics Papers: this item is included in nep-hpe and nep-pol
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Published in Proceedings of the Proceedings of the 22nd International Academic Conference, Lisbon, Apr 2016, pages 55-55

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