Routledge Dictionary of Economics, Second Edition
Rawlsian difference principle (D3, D6)
The toleration of inequalities only if it is to the advantage of the worse off through making that person as well off as possible in terms of rights, freedoms, opportunities, income and wealth.
Also, inequalities must provide economic incentives to work harder and increase production.
See also: egalitarianism; Rawlsian justice
References
Rawls, J. (1999) A Theory of Justice, rev. edn, Oxford : Oxford University Press.
This is the complete article, containing 66 words
(approx. 1 page at 300 words per page).
View More Summaries on A Theory of Justice