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Justice in Compensation

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Presentation on theme: "Justice in Compensation"— Presentation transcript:

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 Minimum Wage Executive Compensation 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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