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Nozick believes that in case of unjust holdings, the government should intervene and make sure that the division of the property is in a just manner, which can be made possible by keeping in mind the three cases in which a holding can be classified as just -
Common Pool / Open Access resources
In case of open accesss resources, the problem is that of free riding, to prevent which, there should be some criteria which makes a certain individual eligible to use the resource. This can be in the form of some already agreed upon qualifcation, some entry fee or the like. For common pool resources owned by some community together, there exists the problem of overutilization which can be reduced by certain government regulations restricting the use of the resource per person.
Public goods and externality
Public goods are a cause of externality since there is overutilisation and free-riding. This allocation can be amdenjust, as in, it can be made available to those sections who are in severe need for some form of government assistance for their well bring by following some of the regulations mentioned above. It can be seen that this will lead to a more egalitarian effect of the allocation of these resources.
2. In discussing the work of Robert Nozick, it was argued that libertarian ethics have been...
2. In discussing the work of Robert Nozick, it was argued that libertarian ethics have been adopted most enthusiastically by those who believe in a limited role for government. But we also noted that it is by no means clear that a laisser-faire approach is necessarily implied. Three difficult issues arise in connection with the principle of just acquisition: What should government do about unjust holdings? How are open access or common property resources to be dealt with? How do...
1. We argued in the text that Rawls's Difference Principle asserts that it is only just to have an unequal distribution of wealth if all persons benefit from that allocation, relative to the situation of an equal distribution. But we also argued that the total level of utility attainable might depend on the distribution of wealth, as utility could be higher in an unequal position if incentive effects enhance productive efficiency. Discuss the implications of these comments for a morally...