Political Economy of Inequality & Distribution Essay

Political Economy of Inequality & Distribution - Essay workoutSocial justice is achieved if the economic systems allow people to select opportunities created by performing within the constraints of the rules. This is because the resultant distributions from the rules will make the system just and fair. Hayek insists that the excogitation of social justice can non still be attained through procedural fair rules because luck involved does not reflect an individuals receipts (Miller 1997, p. 142-144). This notion implies that luck cannot precede distribution because one must receive the resources to appreciate economic policy. The outcome of the distribution method should show an individuals effort of acquiring the resources. This can be in the benefits the society derives from such economic activities and the reasons for procedural rules. However, there are no legal systems where people do not break rules and Hayek should suggest ways of taming political economists from mistreating other players (Hayek 1978, p. 87). Market systems cannot rely on a just society if the resources are reserved for a few individuals who want to satisfy personal missions. As a result, the results and deserts of free markets limit the attainment of social justice that remains a mirage in the society.Hayeks argument that social justice is a mirage holds that procedural rules contribute to the erosion of individual freedoms and promote the introduction of totalitarianism. The concept highlights that an authority that exercise compulsion in allocating resources to individuals is not just. This is because an ideal social justice evaluates an individuals desert using his contribution to the welfare of the society (Hayek 1978, p. 87). The market liberation does not favor social justice because individuals claims are not met and requires reconstruction of the economic system to address the shortcomings. Although organizations are beneficial parts of the society, try to make serve all purpo ses affecting