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Essay / Research Paper Abstract
This 7 page paper begins with a discussion of Rawls statement that justice is fairness and his thoughts on justice. The writer comments on the social contract theory. Different facts about Lehman Brothers are presented and discussed in terms of ethics and Rawls’ justice. Bibliography lists 5 sources.
Page Count:
7 pages (~225 words per page)
File: ME12_PG690189.rtf
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Unformatted sample text from the term paper:
justice is one of the virtues of all social institutions (Rawls, 1958). He identifies two principles related to the concept of justice. The first principle is that each individual who
is involved in a practice or who is affected by the practice is entitled to liberty. The second principle is that inequalities are arbitrary except when it is not reasonable
to expect that equalities would be equally advantageous for everyone (Rawls, 1958). Another exception has to do with whether or not the offices and positions are open to everyone (Rawls,
1958). These three principles encompass three important ideas: equality, liberty and reward all of which contribute to the common good (Rawls, 1958). When Rawls talks about persons or individuals, he
is referring to individuals, teams, groups, organizations, companies, churches and so on (Rawls, 1958). In Rawls (1958) opinion, the principles of justice and fairness apply to all of these configurations
although there is a priority. As clarification, all things being equal, equal liberty applies to all and there must be strong justification to ignore this principle. The burden of proof
for such exceptions always lies on the shoulders of the one attempting to make the exception (Rawls, 1958). The second principle identifies which kinds of inequalities are allowed. There is
further, a presumption in the society that there are different positions and offices in the land, such as there are different positions on a sports team. These kinds of positions
and offices in institutions are not normally objectionable (Rawls, 1958). There may be complaints, however, about the rewards, privileges, salaries, etc. that have to do with how wealth and power
are distributed (Rawls, 1958). There may also be concerns and objections to how wealth and power which are obtained by individuals who take advantage of the opportunities in the system
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