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The issue of justice at the International Financial System: a framework for the study of conceptions of justice and what justice requires at the International Capital Market

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Abstract:

Although the discipline of international relations has traditionally described international politics and economics as the outcome of the actions of self-interested, rational, actors, concerned with expediency and not with the imperatives of justice, in practice many times we see the opposite: the concerns of politicians, academics, and the general public with morality and justice. My claim is that this is so because justice, and debates about how to go about promoting it in our political communities and in the international system, are crucial to social life. Social institutions and norms have deep effects on the distribution of social goods, and the choices we make about their interpretations need to be morally justified. Assuming the existence of a plurality of lifestyles and of perspectives on what justice is, particularly outside of political communities, in this paper I claim that conceptions of justice are crucial to norm interpretation and justification. Using a norm-based constructivist perspective and insights from Michael Walzer’s communitarian approach to distributive justice, I also propose a framework for the study and comparison of those different conceptions of justice, and as a preliminary study of its possibilities, I apply it to the international capital market (ICM) and the analysis of a what a liberal, market-oriented, conception of justice would define as a just distribution of capital through the ICM.

Most Common Document Word Stems:

justic (128), intern (112), norm (101), concept (88), social (88), polit (75), distribut (68), state (56), capit (56), icm (54), good (54), also (52), differ (49), institut (48), agent (45), system (39), would (37), principl (37), understand (36), market (36), relat (36),

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International Capital Market, Distributive Justice, Constructivism, Communitarianism
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Association:
Name: ISA - ABRI JOINT INTERNATIONAL MEETING
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http://www.isanet.org


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URL: http://citation.allacademic.com/meta/p380994_index.html
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MLA Citation:

Carvalho, Gustavo. "The issue of justice at the International Financial System: a framework for the study of conceptions of justice and what justice requires at the International Capital Market" Paper presented at the annual meeting of the ISA - ABRI JOINT INTERNATIONAL MEETING, Pontifical Catholic University, Rio de Janeiro Campus (PUC-Rio), Rio de Janeiro, Brazil, Jul 22, 2009 <Not Available>. 2014-11-29 <http://citation.allacademic.com/meta/p380994_index.html>

APA Citation:

Carvalho, G. S. , 2009-07-22 "The issue of justice at the International Financial System: a framework for the study of conceptions of justice and what justice requires at the International Capital Market" Paper presented at the annual meeting of the ISA - ABRI JOINT INTERNATIONAL MEETING, Pontifical Catholic University, Rio de Janeiro Campus (PUC-Rio), Rio de Janeiro, Brazil Online <APPLICATION/PDF>. 2014-11-29 from http://citation.allacademic.com/meta/p380994_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Review Method: Peer Reviewed
Abstract: Although the discipline of international relations has traditionally described international politics and economics as the outcome of the actions of self-interested, rational, actors, concerned with expediency and not with the imperatives of justice, in practice many times we see the opposite: the concerns of politicians, academics, and the general public with morality and justice. My claim is that this is so because justice, and debates about how to go about promoting it in our political communities and in the international system, are crucial to social life. Social institutions and norms have deep effects on the distribution of social goods, and the choices we make about their interpretations need to be morally justified. Assuming the existence of a plurality of lifestyles and of perspectives on what justice is, particularly outside of political communities, in this paper I claim that conceptions of justice are crucial to norm interpretation and justification. Using a norm-based constructivist perspective and insights from Michael Walzer’s communitarian approach to distributive justice, I also propose a framework for the study and comparison of those different conceptions of justice, and as a preliminary study of its possibilities, I apply it to the international capital market (ICM) and the analysis of a what a liberal, market-oriented, conception of justice would define as a just distribution of capital through the ICM.


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