Strengths and weaknesses of theories of distribution.

Section A: • Discuss the strengths and weaknesses of two theories of distribution. • Critically evaluate Hayek's argument that social justice is a 'mirage'. Section B: • Analyze the relationship between formal and substantive equality in capitalism. • Modem societies are characterized by the unprecedented legitimacy of equality as an ideal and as a political norm, yet they generate vast social and economic inequalities. How can we explain this paradox?                                          

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