Justice: Utilitarian and Pareto Principles

Li Way Lee () and Aaron Keathley ()
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Li Way Lee: Wayne State University
Aaron Keathley: Wayne State University

Chapter Chapter 44 in 45 Conversations About Behavioral Economics, 2022, pp 181-183 from Springer

Abstract: Abstract What is justice? It is hard to have agreement on justice about a fixed system. It is a little easier to have agreement on justice about a change in a system. Take a population of two persons: Rich and Poor. Say Rich makes $8 and Poor $2. Then suppose a policy change takes place, with the result that Rich makes $15 and Poor makes $5. Is the policy change just? Let's make use of two principles. The Utilitarian Principle says that a change is just if and only if the change benefits the greatest number of people. The Pareto Principle says that a change is just if and only if it makes at least one person better off, and nobody worse off. What do you think?

Date: 2022
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DOI: 10.1007/978-3-031-05046-6_44

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