This title explores the vital link between human capital formation and allocative efficiency using the properties of the market and the knowledge economy as analytical tools. The author takes a fresh look at distribution of resources ('distributive justice') in the new global era. Reviewers indicate the author's approach is truly fresh and a strong contribution to economic literature. Reviewers confirm the book can work for advanced undergraduate economics courses. The author is currently using these materials to teach undergraduates at Providence College.What is the appropriate criterion to use for distributive justice? Is it efficiency, need, contribution, entitlement, equality, effort, or ability? This book maintains that far from being rival principles of distributive justice, efficiency and need satisfaction are, in fact, complementary norms in our emerging knowledge economy.