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Economic justice |
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Economic justice1. Fairness and equity in economic affairs, presumably by having laws, governments, and institutions that treat people equally and avoid favoring particular individuals or groups. 2. As most often used, the term carries a connotation that economic justice can only be achieved by lessening the power and changing the practices of international financial institutions, transnational corporations, and rich-country governments.Similar MatchesEconomic efficiencyEconomic efficiencyThe extent to which a given set of resources is being allocated across uses or activities in a manner that maximizes whatever value they are intended to produce, such as output, market value, or utility. Contrasts with engineering efficiency, which focuses within a single activity on the output it produces per unit input. Economic interdependenceEconomic interdependenceThe extent to which economic performance (GDP, inflation, unemployment, etc.) in one country depends positiveliy or negatively on performance in other countries. Leading economic indicatorsLeading economic indicatorsEconomic series that tend to rise or fall in advance of the rest of the economy. Economic unionEconomic unionA common market with the added feature that additional policies -- monetary, fiscal, welfare -- are also harmonized across the member countries. Noneconomic objectives argument for protectionNoneconomic objectives argument for protectionThe view that a restriction on imports may serve a purpose outside of conventional economic models. Unless that purpose is itself the restriction of trade, then this is a second-best argument, since changes in output, consumption, etc. can be achieved at lower economic cost in other ways. Further SuggestionsInternational macroeconomicsCountry economic risk International monetary economics First theorem of welfare economics Economic indicators Economic sanction Economic assumptions Economic rents microeconomics Economic and Monetary Union Economic integration Economic union Closer Economic Relations Economic defeasance Economics Economic geography Economic shock Chinese Economic Area Macroeconomic Economic indicator Neoclassical economics Keynesian economics Council for Mutual Economic Assistance Economic growth rate Economic development |
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