A Response to Robert Reich on Big Money in Politics

Robert Reich recently posted a critique of big money on his Facebook page, in which he listed seven points of criticism. He seems to be focusing on the political right, noting that “a dozen Republican wanna-be’s are already attacking government … Read More

Speculators, Prices, and Information

Following the previous post on the role of speculators in markets, this is a more conceptual view of what is happening with the information system of prices in markets. We do not normally think of prices as communicating information, but … Read More

Externalities 4. Steven Cheung: The Myth of Social Cost

This is the fourth 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

Externalities 1. A.C. Pigou: Welfare Economics

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

Peter Railton: Alienation, Consequentialism, and the Demands of Morality

Peter Railton’s article on alienation and consequentialism seems to me to share something of Doug Portmore’s consequentializing project.  I will briefly explain how I see that. Railton proposes taking two views of consequentialism: subjective consequentialism and objective consequentialism.  Subjective consequentialism … Read More

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