Tag : economic ethics

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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Written on Dec, 02, 2015 by in | Leave a comment

Consumer disapproval of Black Friday has caused a drop in demand. Consequently, retailers have curtailed their investment in these kinds of sale events. If economics is agnostic as to what motivates the change in demand, as a Christian I can’t be. Retailers are responding to the moral cues of shoppers and so changing their marketing strategy to conform to the moral demands of consumers.

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Written on Sep, 15, 2015 by in | Leave a comment

In a short video, George Mason University, professor of economics Walter Williams argues that the free market is morally good because it is based on mutual exchange rooted in service. Take a look.

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