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Justice in Compensation

Justice in Compensation. By: Ronald F. White, Ph.D. Professor of Philosophy. Introduction. College Professors Surgeons Professional Athletes. Theories. Patterned Theory of Compensation Unpatterned Theory of Compensation. Patterned Theory of Compensation. Stakeholder Theory

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Justice in Compensation

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  1. Justice in Compensation By: Ronald F. White, Ph.D. Professor of Philosophy

  2. Introduction • College Professors • Surgeons • Professional Athletes

  3. Theories • Patterned Theory of Compensation • Unpatterned Theory of Compensation

  4. Patterned Theory of Compensation • Stakeholder Theory • Material Theories of Justice • Merit • Need • Equality • Utility • Welfare Liberalism • John Rawls • Social Minimum • Difference Principle

  5. Unpatterned Theory of Compensation • Stockholder Theory • Free Market • Ownership of Corporation • Contracts • Voluntary • Competition • Free Entry • Free Exit

  6. Issues • Monopolies • Natural • Artificial • Unions (collective bargaining/global markets) • Cartels • Minimum Wage • Executive Compensation • Agency Issues • Stakeholder Theory • Fairness • Utility • Stockholder Theory • Privacy- • Transparency-

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