This article analyzes the relationship of social inequality and economic growth on the principles of social justice.

The aim is to analyze contemporary issues of social inequality, to specify the ways of overcoming inequality on the principles of justice and justification of good economic growth principles.

Theoretical and methodological basis of the study is the dialectical method of knowledge and systematic approach to assess the problem of efficient economic growth of the economy on the principles of social justice. General scientific and special cognition methods were used during the investigation.

It was theoretically proved that modern interpretation of social justice is possible with the combination of philosophical, political and economic aspects. This approach will make it possible to justify the idea of justice in the context of its practical application.

The article analyzes contemporary issues of social inequality, identifies the ways of overcoming inequality on the principles of justice and justification principles of good economic growth.

It is proved that the mechanism of "free" market effectively ensures economic growth, but can not provide the required level of well-being. Also were highlighted the negative trends in economic growth, namely, the excess rate of productivity in economic growth, reduction of investment share in global GDP, a sharp increase of dividends, excess of financial sector profit over the real economy. All this points to a clear victory of financiers’ interests in the global world and shows their personal impact on the global crisis.

The results of research have made it possible to prove that the economy always operates within social norms. We can therefore say that the current rules are inefficient because they lead to increased property differentiation and negative attitudes in society. So there is a need to develop effective mechanisms of economic growth on the principles of equilty.

This paper uses a modern interpretation of justice - as the principle of adequate of social efforts directed at restoring balance in public life, directed at renewing balance in social life, disturbed due to actions or inactivity of its institutions and is taken as a socio-political, moral and legal category.

It is proposed based on the principles of civil society to ensure each participant of social life with conditions for self-realization. So first of all we have to begin to educate the community with sense of social integrity. This principle of interaction among members of society fully meets the requirements of equal moral value establishing.

The article proves that to achieve social justice we gradually move from the traditional population protection from mass poverty to creation of conditions to guarantee material prosperity and a better life quality. These tasks are connected with the finding of effective economic model, which will provide prospects of development and social justice. The key elements of creating effective models of economic growth in the country is distinguished the institutional environment of the economic system and the greatest emphasis was done on the institution of social justice importance.

A study strategy of economic agents behavior in the unstable environment on the principles of social justice was proposed. This strategy is proposed to develop in two ways: first determine how to enhance its competitiveness, and the second - a mechanism of economic participants motivation. Implementation of the first principle should be done on the principles of respect to social justice, that leads to increasing the business reputation and economic entity and increase the market competitiveness. Under the mechanism of motivation it is necessary to understand that the choice of the subject should be based on psychological interaction and coordination of internal motivation (goals, needs, interests and value orientations) and external stimuli of social justice institute (system of rewards and penalties).

Key words: socialization of the economy, efficient economic growth, equality, social inequality, social justice.