Draft an answer to question 1 on the exam, but only the parts of the question having to do with the unrestricted free-market philosophy. (In other words, do not explain or discuss the second kind of free-market philosophy, the “competitive free-market” philosophy, at all.) As always, your answer should be 2-3 computer-printed pages in length, with no more than one-inch margins, printed in either 12- or 14-point font.
Explain in your own words what a philosophy of social justice is, as we have defined the term in class. Why is the word “should” so important in this definition? Explain in detail each of the two free-market philosophes that we have discussed in class. For each of these two philosophies, identify what you think is its greatest strength, and its greatest weakness. (Be sure to explain why these alleged strengths and weaknesses are important ones.) Which of the two philosophies do you think makes more sense? Why?