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Showing posts with label behavioral economics. Show all posts
Showing posts with label behavioral economics. Show all posts

Thursday, July 31, 2014

Stumbling and Mumbling: The economic base of virtue

Stumbling and Mumbling: The economic base of virtue

ResPublica's call for more virtue in banking looks like it is out of step with our times. This is an indictment not of ResPublica, but of our times. In fact, virtue is necessary for a healthy free market economy because virtuous men do the right thing without law, and so virtue is an alternative to an arms race between ever-increasing regulation and ever more cunning attempts to game such regulation. Free markets, in this sense, need a moral framework.




Friday, November 29, 2013

Monday, January 30, 2012

A Better Proletariat for Charles Murray

Cogitamus: A Better Proletariat (and More Brandy Please**) for Charles Murray:

The area where one�sees�this disingenuousness in perpetually full flower is the treatment of the white working class by the intellectual right.� Time and again, one reads about the identification�of the Republican Party with working class whites -- a vital element of the base after all -- and yet one struggles in vain to think of a single policy advocated by the right which would have the practical effect of improving working class life.