What would each political philosophy of utilitarianism

Assignment Help Macroeconomics

Reference no: EM1331490

Utility and Marginality

The concept of utility and marginal utility can also be applied to income. Please read a summary of three political philosphies in Section 3: The Political Philosphy of Redistribution Income

Utilitarianism was founded by the English philosophers John Stuart Mill and Jeremy Bentham. Liberalism was developed by John Rawls (1971). Finally, Robert Nozick (1974) presented his support for libertarianism in his book, Anarchy, State and Utopia.

Write a 2-3 page paper that addresses the following questions:

1. Which political philosophy would you support? Why? How would you address the criticisms of your preferred philosophy? Be sure to support you answer with the appropriate references.

2. Bill earns five times as much as Sam. What would each political philosophy of utilitarianism, liberalism, and libertarianism likely suggest should be done in this situation? Explain.

3. Taxes are often used as a means of distributing income. What kind of tax system would you favor (regressive, flat, progressive)? Why? (for a review of these terms: click here)

4. Do you think government should have a role in redistributing income? If so, in what way ways? If not, why not?

Reference no: EM1331490

Questions Cloud

Indirect effects on project cash flow : Indirect Effects on Project Cash Flow, Provide an example of an Opportunity Cost that would arise in your firm when considering a new project.

Show the role of benefits in compensation : Show the role of benefits in compensation. Review the primary reasons an organization provides benefits to its employees

Why user will indicate the time interval in minutes : Write a C++ program that creates a tab delimited file, balloon.txt, that could be opened by a spreadsheet to graph the altitude and velocity of a balloon as a function of time from the time of release by 48 hours.

Explain marketing differences in b2b and b2c businesses : Explain how marketing differs on a B2C site compared to a B2B site. Give specifics.

What would each political philosophy of utilitarianism : Illustrate what would each political philosophy of utilitarianism, liberalism, and libertarianism likely suggest should be done in this situation.

Global business hrm strategies : Global Business HRM Strategies - determine how the HR-related practices enable talent acquisition, employment law, and knowledge management

The function & process by which information is communicated : Can you describe how the commitment of its workforce relates to an organization's communication?

Explain how might the bank tie in the concept of utility : Explain how would you respond to this question. Explain how might the bank tie in the concept of utility maximization into the campaign.

Make program that creates a tab delimited file : Write down a C++ program that creates a tab delimited file that can be opened by a spreadsheet to graph the altitude and velocity of a balloon as a function of time from the time of release through 48 hrs.

User Account

All Pages