Tag : economic ethics

Written on Aug, 25, 2017 by in | Leave a comment

Richard Florida was right when he said that the “creative economy” is the new way of the world. But its development didn’t happen how he imagined. Rather than launching humanity into a new phase of prosperity, the new economy simply holds the different elements of late capitalism together — making it palatable for some but deepening its crises and contradictions …

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Written on Aug, 23, 2017 by in | Leave a comment

… while a member of the aspirational class is eating kale salad in his made-in-Brooklyn t-shirt, let’s not lose sight of the fact that the current elite consumer ethos is only possible because of the economic growth and affluence that industry created and the luxurious postmodern values it allows us to possess. Elizabeth Currid-Halkett,

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Written on May, 30, 2017 by in | Leave a comment

The first lesson to be taught is that when we run across a situation we don’t like – “outrageous exploitation of sick people,” for example – we should start by asking how the situation came about and why it persists.

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Written on Apr, 05, 2017 by in | Leave a comment

Bet nobody saw this coming. Pope Francis has, perhaps inadvertently, made the moral case for tax cuts. He is right that European Union governments should have aim to expand opportunity for all, so that everyone has the chance to lift himself out of poverty and provide for a family. Their failure to do so, the massive unemployment and even higher …

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When we close down free trade, or allow others to close it down for us, we lose not only the material advantages that it brings to us as individual consumers, as producers, and as a nation. We lose the moral advantages that it brings us as well.

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Written on Jan, 21, 2017 by in | Leave a comment

The opportunity cost of enchanting one’s fellow economists is alienating noneconomists.  There is no such thing as a free argument. Deirdre N. McCloskey (1985/1998), The Rhetoric of Economics, p. 83.

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Written on Jan, 10, 2017 by in | Leave a comment

It is simplistic, then, to view consumer culture as passive and de-skilling. A good deal of the rise in consumption involved buying for the sake of making and personalizing the home. DIY, handicrafts and gardening attracted a sizable chunk of consumer spending, with their own magazines, stores and fairs. Consumerism encouraged new skills as often as it killed old ones. …

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Written on Sep, 28, 2016 by in | Leave a comment

While it is in my economic best interest to pay as little tax as the law allows, this doesn’t mean my actions are unfair. Why? Because minimizing my tax bill is more than mere naked self-interest.

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Written on Apr, 19, 2016 by in | Leave a comment

If humanity collectively decided to stop buying pointless junk, the economy wouldn’t grind to a halt. Far from it. Read more: A capitalist critique of consumerism

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Written on Apr, 07, 2016 by in | Leave a comment

But as is often the case, saying we have too much stuff not only begs a number of questions, it fails to deal with consumerism as in fact a moral problem. Instead, the critique that we have too much stuff uncritically assumes a crude, materialistic understanding of human economic activity. As a result, the proposed solutions (typically, less stuff, more regulations), undermines human moral agency not just in the arena of economic activity but in other areas of human life.

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