THE RATIONALE OF THE ECONOMIC GAME IN WHICH ONLY THE CONDUCT OF THE PLAYERS BUT NOT THE RESULT CAN BE JUST
Justice is about how people act towards each other and the rules they follow to promote a good, fair society. It focuses on the actions and intentions of individuals rather than the results of those actions, which can be unpredictable. In markets, the allocation of goods and services depends on many unknown factors and is not something that can be deemed just or unjust because it is not intentionally directed by any individual. While individuals can act justly, the outcomes of their actions, which can affect others, may be unintended and thus outside the realm of justice.
People accept certain rules in the market that help meet everyone’s needs, but this process can lead to some individuals facing undeserved failure. The market lets a diverse group of people make choices based on information that no single person can control. This system is similar to a game because it involves different players with various skills and luck, leading to unpredictable outcomes, including winners and losers. Fairness is important, but it is unreasonable to expect all results to be just since they arise from different levels of skill and chance.
Recognizing that rewards in a market do not always reflect individual merit is essential. The value of services often depends more on their usefulness to others than on the effort taken to provide them. This understanding challenges the idea of personal distribution in rewards, highlighting that there is no central agent deciding outcomes. Ultimately, while luck and skill play different roles, allowing people to pursue their interests is advantageous for society as a whole, despite the unpredictability of success.
Justice is about how people act towards each other and the rules they follow to promote a good, fair society. It focuses on the actions and intentions of individuals rather than the results of those actions, which can be unpredictable. In markets, the allocation of goods and services depends on many unknown factors and is not something that can be deemed just or unjust because it is not intentionally directed by any individual. While individuals can act justly, the outcomes of their actions, which can affect others, may be unintended and thus outside the realm of justice.
People accept certain rules in the market that help meet everyone’s needs, but this process can lead to some individuals facing undeserved failure. The market lets a diverse group of people make choices based on information that no single person can control. This system is similar to a game because it involves different players with various skills and luck, leading to unpredictable outcomes, including winners and losers. Fairness is important, but it is unreasonable to expect all results to be just since they arise from different levels of skill and chance.
Recognizing that rewards in a market do not always reflect individual merit is essential. The value of services often depends more on their usefulness to others than on the effort taken to provide them. This understanding challenges the idea of personal distribution in rewards, highlighting that there is no central agent deciding outcomes. Ultimately, while luck and skill play different roles, allowing people to pursue their interests is advantageous for society as a whole, despite the unpredictability of success.