Economic justice

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/economic-justice

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the philosophical foundation?Rooted in moral and ethical principles for building fair economic institutions
2. What is the academic classification?Often categorized alongside 'Equity' and 'Inequality' in economic literature (JEL: D63)
3. Why is sharing wealth important for everyone?When money and opportunities are shared, people feel safe and can learn new skills. It keeps communities happy and strong.
4. How do governments try to make economic justice happen?They can give everyone a basic income, use taxes that take more from those who have more, and spend money on schools, hospitals, and roads that help everyone.

Normative Economics: Economic analysis that involves value judgments about what the economy should be like.
Social Welfare Function: A theoretical construct representing society's preferences for different economic outcomes.
Capabilities Approach: A framework that focuses on individuals' real freedoms and opportunities to achieve well-being.
Intergenerational Justice: Fairness in the distribution of resources and opportunities between different generations.