Economists and the Justice of Economic Systems (An Exploration from the Perspective of Political Ethics)

Author: Chen Zeyu
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Publishing Time: Not available
Features: Historical practice has proven that the effective functioning of institutional mechanisms is closely related to the degree of justice inherent in the institutions themselves and the justice values they embody. "Institutional justice" is essentially a value, referring to the value or spirit that is embedded in the institutions and permeates all aspects of their formulation, implementation, and supervision, ensuring that stakeholders receive what they deserve and contribute what they should. With the proposal and implementation of the concept of sustainable development, the institutional justice of China's socialist market economy should extend the value of justice to broader, newer, and higher dimensions. This means not only improving the justice value in interpersonal relationships but also encompassing the novel justice value of harmonious development between humans and nature. The institutional justice of China's socialist market economy in the contemporary era should include three major goals: the equal distribution of basic social rights, adherence to the principle of efficiency, and the principle of the majority. Achieving the institutional justice of the socialist market economy is not just a matter of institutional construction but also a matter of personal perfection. Realizing the institutional justice of China's economic system in the contemporary era also places corresponding demands on the moral character and qualities of "economic people." The justice of our property rights system and income distribution system needs improvement. Enhancing the justice of the income distribution system requires strengthening the government's institutional construction responsibilities and improving the mechanism of redistribution. Improving the justice of the property rights system necessitates accelerating the innovation of state-owned enterprise supervision mechanisms.