This book offers an alternative to perspectives of distributive justice which fail to resolve economic inequality and exacerbate social problems by ignoring the real causes of inequality. The main impact of the book is to highlight the importance of self-ownership and private property, showing how market participation advances liberty and prosperity.
The idea that we should pay reparations to disadvantaged racial groups as compensation for historical injustice is deeply contested. The debates often focus on the practical implications of paying reparations, but overlook more fundamental questions about the meaning of justice. What is justice? What are the implications of wealth redistribution for individual liberty and the rule of law? This book answers these questions through an analysis of classical liberal perspectives in law, philosophy and economics.
The book questions whether economic inequality stems from historical injustice, and explores the wider implications of attempting to create equal outcomes through legislative mandates. The book argues that free markets, resting on libertarian rights, are the best way to help disadvantaged members of society and to create the conditions more likely to advance economic equality. The book will be of interest to researchers and students of economics, law, politics and philosophy.
1. Chapter One: Introduction.- 2. Chapter Two: Self-Ownership and Property Rights.- 3. Chapter Three: Legacies of Injustice and Racial Inequality.- 4. Chapter Four: Property Rights and the Rule of Law.- 5. Chapter Five: Capitalism, Markets and Economic Equality.- 6. Chapter Six: Conclusion.
David Gordon is a senior fellow at the Ludwig von Mises Institute. He was educated at UCLA, where he earned his PhD in intellectual history. Dr Gordon is the author of Resurrecting Marx: The Analytical Marxists on Exploitation, Freedom, and Justice, The Philosophical Origins of Austrian Economics, An Introduction to Economic Reasoning, and Critics of Marx.
Wanjiru Njoya is a Senior Lecturer in the University of Exeter Law school. She is a law graduate of the University of Nairobi, Kenya, and a former Rhodes Scholar (St Edmund's College, Cambridge, 1998). Dr. Njoya is the author of Economic Freedom and Social Justice: The Classical Ideal of Equality in Contexts of Racial Diversity (Palgrave Macmillan, 2021).
