Economists and the Justice of Economic Systems - An Analysis from the Perspective of Political Ethics

Author: Chen Zey
Publisher:
Publish Date: 2007-01-01
Features: Historical practice has proven that the effective functioning of institutional functions is closely related to the degree of justice of the institutions themselves and the justice values embedded within them. "Institutional justice" is essentially a value, referring to the value or spirit embedded in the institutions themselves and permeating all aspects of their formulation, implementation, supervision, etc., ensuring that stakeholders receive what they deserve and pay 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 value of justice in human relationships but also encompassing the new content of justice in the coordinated development of 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. The realization of institutional justice in China's economic system places corresponding demands on the moral character and quality of "economic people." Our property rights system and income distribution system require improvement. Enhancing the institutional justice of the income distribution system necessitates strengthening the government's institutional construction responsibilities and improving the mechanism for redistribution. Improving the institutional justice of the property rights system requires accelerating the innovation of state-owned enterprise supervision mechanisms.