ABSTRACT

Some socialists have been willing to tolerate markets on other grounds, arguing that their distributive results can be corrected by political intervention. Others, more radical, have seen the injustice of market allocations as a major reason for dispensing with them altogether. A person's desert depends on the moral character of his activity. The money value of a product is a matter of the demand, which in turn reflects the tastes and purchasing power of the buying public and the availability of substitute commodities. It may turn out that even someone who is wedded to the voluntary control principle will come to see the first solution, which measures desert by value created, as the better means of realizing distributive justice in practice. Conceiving of the market as operating over discrete time- periods also helps people to think about the effects of luck on distributive justice.