Exam 3: Justice and Economic Distribution

The phrase "the declining marginal utility of money" means that successive additions to one's income produce,on average,less happiness or welfare than did earlier additions.

In Nozick's example of Wilt Chamberlain,he argues that other theories of economic justice inevitably fail to respect people's

Justice is frequently held to require that our treatment of people reflect their fundamental moral equality.

According to libertarianism,

Distributive justice concerns the morally proper distribution of social benefits and burdens.