riflessioni
This is the second of a series examining the moral dimensions of economic “externalities”, the spillover or incidental side effects in market activity. The series is available in expanded form, with an introductory chapter and updated essays, as an e-book … Read More
This is the first of a series examining the moral dimensions of economic “externalities”, the spillover or incidental side effects in market activity. The series is available in expanded form, with an introductory chapter and updated essays, as an e-book … Read More
A friend – himself a Cuban – recently sent me his review of a made-in-Cuba movie, Una Noche. As he notes, “the Cuba in which this movie is filmed should be a social equalizer’s paradise;” he outlines how the island … Read More
Updated July 13, 2013: on reflection I changed what I originally called “productive” envy to “competitive” envy for Aquinas’s fourth sense. I think this better captures the interpersonal sense of true envy. At the Acton University a couple of weeks … Read More
I recently came across an interesting presentation on the Canal Académie by Jean-Pierre Dupuy entitled La France et le marché : les sources philosophiques d’une incompatibilité d’humeur. The site is normally only accessible by subscription, but as of this writing the … Read More
See also my longer paper: A Fairness and Incentives Analysis of H.R.1330 U.S. House Representative Karen Bass recently introduced H.R. 1330, the “Student Loan Fairness Act,” as an “equitable system” to “alleviate the financial burden of student loan debt on college … Read More
In “Psychology and Markets,” (Rationality in Economics,) Vernon Smith summarized variations in experiments with upside and downside risk from standard economic theory, which is based on the hypothesis that agents have a “self-aware, calculating process of maximization” (157.) While the … Read More
Discussing private defense in Chaos Theory, Robert Murphy argued that the market is capable of providing superior and cheaper defense that a State. I agree that a private defense firm would not pay $600 for a toilet seat. However, I … Read More
Discussing private law in Chaos Theory, Robert Murphy argued that the market is capable of defining and protecting property rights without a State. Individuals have natural rights, on which all (his emphasis, 13) social relations would be managed by contract. … Read More
Discussing private law in Chaos Theory, Robert Murphy argued that the market is capable of defining and protecting property rights without a State. Individuals have natural rights, on which all (his emphasis, 13) social relations would be managed by contract. … Read More