"What," "For Whom," and "How" Are Problems That Must Be

question 28

True/False

"What," "for whom," and "how" are problems that must be solved by prices in a capitalistic economy but which are solved automatically in a socialist economy.

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Definitions:

Rightness

The quality or state of being morally correct or justified.

Capabilities Approach

A normative framework that evaluates social arrangements and public policies based on their ability to enable individuals to achieve functionings that they have reason to value.

Martha Nussbaum

A contemporary philosopher and academic who has contributed significantly to political philosophy, ethics, and the understanding of human emotions.

Ethics

The branch of philosophy that deals with questions about morality, including the formulation, justification, and recommendation of concepts of right and wrong behavior.