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People can put a price tag on economic justice, economists say

11-15-2007 · EurekAlert!

Economists at Carnegie Mellon University and the Free University of Berlin have developed a mathematical model to measure the value that people place on distributive justice -- whether goods are distributed fairly among all members of society. The authors found that, on average, people are willing to sacrifice about 20 percent of their disposable income to live in an equitable society.

Keywords: people, put, price, tag, economic, justice, economists, economist

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