Teaching about Justice in the Principles of Economics Course

John Neral
    This paper proposes a set of classroom exercises and assignments that can be used to integrate the topic of justice into an undergraduate economics course. A double auction forms the basis for the first two exercises: a demonstration of the efficiency of markets and an examination of the justice of market outcomes. A third exercise in which students are given the opportunity to introduce a random component into the grading mechanism that could affect the distribution of rewards in the class forms the basis for a discussion of the principles of distributive justice, including the concept of Pareto optimality, the compensation principle, and Rawls’ maximin criterion.

Full PDF File