Justice in business ethics

Justice like rights, is an important moral concept with wide range of applications.
It not only evaluates the action of individuals but also social, legal, political, and economic
practices and institutions.
Question of justice or fairness often arises when there is something to distribute.
1. Aristotle’s Nature and Value of Justice
2. Rawls’s Egalitarian Theory
3. The Gandhian concept of Trusteeship: Economic Equality
4. Nozick’s Entitlement Theory
 Aristotle’s nature and value of Justice:

1.Distributive • Deals with distribution of

Justice benefits and burdens
2.Compensatory • Matter of compensating persons
Justice for wrong done to them
3. Retributive • Involves punishment for
Justice wrongdoers
 Rawls’s Egalitarian Theory:
1. Each person is to have an equal right to the most extensive total
system of basic liberties compatible with a similar system of liberty
for all.
2. Social and economic inequalities are so that they are both.

a. To the greatest benefit of the least advantaged: Called the difference

principle, an unequal distribution is justified if everyone would be
better off with the inequality than without it.
b. Attached to offices and positions open to all under condition of fair
equality of opportunity: