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- 2. Just: people treated the way they deserve Effective: producing greatest good at least cost What is
- 3. What is just? Substantive justice Treat people as they deserve Treat everyone equally Contribute more, get
- 4. Procedural justice Arbitrary action vs. due process Special basic rights (which ones?) Overriding social needs: do
- 5. Effectiveness Are gains greater than costs? Is it as efficient as can possibly be? Any unanticipated
- 6. FOR DISCUSSION The Mayor of Ozzville decides to help parents raise their children. There will be
- 7. Market vs. Government Market: the “invisible hand” Government authority: rules, laws, etc. Government can tweak markets
- 8. Problems with the two types of mechanisms Authority (gov-nt) Not optimal No incentives Not efficient Not
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