ABSTRACT
This chapter explores a fairly compact conception of economic justice, focusing on fair returns to participants within the economic process. Individuals make productive contributions to the economy, and they have a right to expect a fair return in the form of income. The chapter highlights the ideal of the person as a bundle of capabilities is fundamental for development. Social arrangements ought to be designed to provide an environment in which all persons can most fully realize their human capabilities. The chapter also highlights the importance of equality of opportunity. It argues that there is a range of inequalities of wealth and income that may exceed the limits imposed by the moral equality and dignity of persons. The chapter shows that extreme maldistribution of assets can have negative effects on growth and modernization; thus, property reform may itself be an appropriate instrument for enhancing the development prospects of a country. It focuses on the requirement of fair institutions.
