Maintaining economic justice in human societies has always been a concern for economic thinkers throughout history. The concern has been manifested in different theories including Adam Smith’s theory of invisible hand and lack of any interference by the government, economic welfare in free economics, as well as expiration of private possession of the means of production in Socialism.
Moreover, such theories are mainly aimed at eliminating poverty and social stratification, and promoting a certain degree of justice in economic relations.
Among the Greek philosophers, Plato and Aristotle hold clear, consistent views regarding basic social issues such as governance, economics, education and art.
The present article investigates economic justice in view of these two Greek thinkers as well as that of the Islamic doctrine.
In Plato and Aristotle’s point of view, economic justice is maintained based on meritocracy and the consequent distribution of important social positions. Islam, on the other hand, emphasizes the significance of observing the mutual rights of people and governors which have been identified in its basic guidelines and are not to be decided by a particular person.
This is what distinguishes the Islamic view from other theories and also helps eliminate the practice of bribery in different economic sections.
Written by Hojat-ol-Islam Hassan Agha Nazari, the article "Economic Justice in View of Plato, Aristotle and Islam” has been published in the 14th Issue of Islamic Economics Quarterly.
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