The idea that a dollar in the hand of a rich person is worth ________ a dollar in the hand of a poor person is a consequence of utilitarian justice.

Question

Quizplus · Accepted Answer

Utilitarian justice, which aims at maximizing overall happiness, suggests that a dollar is worth more to a poor person than to a rich person because the marginal utility of money decreases as wealth increases. Therefore, in the context of utilitarian justice, a dollar in the hand of a rich person is worth less than in the hand of a poor person.

The Idea That a Dollar in the Hand of a Rich