Inequality, Social Justice, and Market Economy: An Evaluation of the Views of Rawls and Kirzner

The global economy is leading to deep economic inequalities and income disparities between different regions. These inequalities not only create differences between countries but also bring about opportunity inequalities among individuals and groups. This paper will compare the perspectives of two different economic viewpoints, John Rawls and Israel M. Kirzner, in the context of justice, inequality, and market economy. Rawls advocates for an egalitarian model of society, emphasizing the role of the state in combating justice and inequality. In contrast, Kirzner focuses on the market economy and entrepreneurship, questioning the nature of inequality and its impact on market dynamics. For Kirzner, inequality is not a problem unless it affects economic production. This study will examine the fundamental differences between Rawls and Kirzner, exploring two different approaches to addressing inequality.