I hear and read alot of moralizing by politicians with respect to bailout and automaker takeovers.. --eg, --banks "should" do this or automakers "should" have been more responsible etc etc.. isnt this sort of like trying to say what the invisible hand "should" be doing or must be shamed into doing??
I thought that the market forces were just that --"forces" , and they are forces in the sense that they are most accurate descriptors of human nature, and thats why they can be called "forces". In other words, we can count on people to act the same way in any system, --selfish (in the scientific sense of the word i mean)
Ethics and economics are (largely) incompatible arent they? and if they are seen as endemic to one another, then is that really a precursor to scary socialism, or is this just something new?
Ok Im not economics major or anything but it just strikes me as a little odd to hear politicians try to shame institutions (people, in fact) into acting more selfless. --isnt that impossible?
is that like trying to legislate philantropy?
what do you think?
I thought that the market forces were just that --"forces" , and they are forces in the sense that they are most accurate descriptors of human nature, and thats why they can be called "forces". In other words, we can count on people to act the same way in any system, --selfish (in the scientific sense of the word i mean)
Ethics and economics are (largely) incompatible arent they? and if they are seen as endemic to one another, then is that really a precursor to scary socialism, or is this just something new?
Ok Im not economics major or anything but it just strikes me as a little odd to hear politicians try to shame institutions (people, in fact) into acting more selfless. --isnt that impossible?
is that like trying to legislate philantropy?
what do you think?