Law and economic justice refer to the way that legal systems are connected to the fair distribution of economic goods and resources within society. The field of law and economic justice involves the creation and enforcement of laws that attempt to guarantee that individuals have an equal opportunity to access wealth, resources, and economic security. These laws impact everything from the rights of workers and property owners to taxation and the welfare state. 

Economic justice is a principle of fairness. It acknowledges that not all individuals are equal economically at the outset and that law can be an instrument for legislative inclusion. For example, minimum wage laws protect workers from exploitation, anti-discrimination laws guarantee that an individual cannot be denied a job or service on the basis of a demographic characteristic, and tax laws can be structured in such a way that those that earn more can contribute more to the society out of a fundamental respect for equality and economic justice.

Law and economics are critical to the proper functioning of any country. The direction that laws impart, is a set of rule in the game of economics, in terms of contracts, trade, regulation of business, property rights, and conduct of financial affairs. If there were no legal systems in place, markets would exist in chaos, and issues related to economic inequality would significantly aggravate. So, in summary, when the law is constructed and implemented well, it can facilitate economic growth, social mobility, and protect persons who have becomes and are structurally disadvantaged in society.

Law and economic justice shape our everyday lives through, for example, rent controls, access to healthcare, funding for schools, or consumer protection laws. These laws and policies shape the way many people get to envision the ways they can and should live, work and have access to opportunity.

The bottom-line is that law and economic justice is about ensuring that economic systems are operating legally, and with an equitable approach that creates fairness, accountability and/or dignity. It is not merely about theoretical constructs, rather about an approach to create sustainable community that conceptually allows for all persons to share in the prosperity and not be left behind from opportunity due to structures of disadvantage and/or legal to access daily lives.