ABSTRACT

Economic goods In Chapter 2, I wrote that distributional justice is justice in the distribution of economic goods, and that distribution of economic goods is not the same as distribution of monetary income. Economic goods are goods that are both scarce and transferable. An economic good in this sense is defined by having two properties besides being transferable. First, it is a good for someone: some person somewhere in the world wants to acquire more of it. Second, it is scarce in the sense that it can only be acquired by giving up some other good. Economic goods have a cost, that is why we have to economise on them.