Tuesday, May 4, 2010

Ethics and Economics

I tell my students that economics as such cannot tell you which values to have, but I would argue that endeavoring to understand what careful economic reasoning can say about the world is an important part of being an ethical person because the unintended consequences of policies that fly in the face of basic economic reasoning have been tragic.
Art Carden (4/21/2010 in an article titled Why Economics Is Crucial for Ethics )

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