ABSTRACT
This chapter criticizes the market-based approach, that relies too much on assumptions of decision making based on individual, rational economic self-interest. It also criticizes the philanthrocapitalist emphasis on economic self-interest as the fundamental driver in the creation of markets. The chapter analyses two separate regressions with interaction terms for justice perceptions, uncertainty intolerance, and economic system justification predicting affective well-being. It considers the psychology of justice and fairness, framed within institutional theory, to explore the relevance of the uncertainty management model of justice in the lives and experiences of the world's poorest citizens. The chapter contrasts the effects of fairness with system justification, another mechanism by which people cope with uncertainty. It draws on the fundamental social dilemma underlying early work on fairness heuristics and uncertainty management to explore how relative differences in power, dependency, and vulnerability to uncertainty may be associated with procedural or distributive fairness mindsets and judgements of trust and benevolence.
