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    Exploitation and Economic Justice in the Liberal Capitalist State

    Exploitation and Economic Justice in the Liberal Capitalist State by Reiff, Mark R.;

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      • Publisher's listprice GBP 132.50
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    Product details:

    • Publisher OUP Oxford
    • Date of Publication 28 February 2013

    • ISBN 9780199664009
    • Binding Hardback
    • No. of pages360 pages
    • Size 241x162x26 mm
    • Weight 671 g
    • Language English
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    Short description:

    Exploitation and Economic Justice in the Liberal Capitalist State offers the first new, liberal theory of economic justice to appear in more than 30 years. The theory presented is designed to offer an alternative to the most popular liberal egalitarian theories of today and aims to be acceptable to both right and left libertarians too

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    Long description:

    Exploitation and Economic Justice in the Liberal Capitalist State develops the first new, liberal theory of economic justice to appear since John Rawls and Ronald Dworkin proposed their respective theories back in the 1970s and early 1980s. It does this by presenting a new, liberal egalitarian, non-Marxist theory of exploitation that is designed to be a creature of capitalism, not a critique of it. Indeed, the book shows how we can regulate economic inequality using the presuppositions of capitalism and political liberalism that we already accept. In doing this, the book uses two concepts or tools: a re-conceived notion of the ancient doctrine of the just price, and the author's own concept of intolerable unfairness. The resulting theory can then function as either a supplement to or a replacement for the difference principle and luck egalitarianism, the two most popular liberal egalitarian theories of economic justice of today. It provides a new, highly-topical, specific moral justification not only for raising the minimum wage, but also for imposing a maximum wage, for continuing to impose an estate tax on the wealthiest members of society, and for prohibiting certain kinds of speculative trading, including trading in derivatives such as the now infamous credit default swap and other related exotic financial instruments. Finally, it provides a new specific moral justification for dealing with certain aspects of climate change now regardless of what other nations do. Yet it is still designed to be the object of an overlapping consensus -- that is, it is designed to be acceptable to those who embrace a wide range of comprehensive moral and political doctrines, not only liberal egalitarianism, but right and left libertarianism too.

    There can be no doubt that Reiffs suggestions would lead to considerable improvements in comparison to the status quo (and realizing them might open up new paths for farther-going changes). For that reason, and because it opens up a new and extremely interesting perspective on questions of justice in the economic realm, this book is a must-read.

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    Table of Contents:

    Introduction
    Exploitation and Justice
    Exploitation and the Just Price
    The Limits of Exploitation
    What Price is Just?
    Exploitation and Intolerable Unfairness
    Implementation and Enforcement
    The Prospects for an Overlapping Consensus

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