Capitalism has made society ‘kinder’: study

Posted: March 19, 2010 | Author: Daniel J. Smith | Filed under: Capitalism, Ethics, Markets, Morals | Leave a comment »

Posted: March 1, 2010 | Author: Daniel J. Smith | Filed under: Markets, Morals | Leave a comment »

“The market has a moral dimension; economics, the study of the marketplace, does not. Economics deals with a world of scarcity, not a Garden of Eden in which all that is necessary to get what we want is a willingness to demand it. Discussions of morality and market, if they are to be fruitful, must recognise these basic facts.”

http://www3.interscience.wiley.com/journal/123305192/abstract

On the Ethics of Charging to Shovel Snow

Posted: February 11, 2010 | Author: Daniel J. Smith | Filed under: Ethics, Markets, Morals, Uncategorized | Leave a comment »

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On the Ethics of Charging to Shovel Snow

Hayek on the Morality of the Market

Posted: February 6, 2010 | Author: Daniel J. Smith | Filed under: Altruism, Hayek, Ignorance, Knowledge, Markets, Morals, Quotes, Unintended Consequences | Leave a comment »

“The morals of the market do lead us to benefit others, not by our intending to do so, but by making us act in a manner which, nonetheless, will have just that effect. The extended order circumvents individual ignorance in a way that good intentions alone cannot do – and thereby does make our efforts altruistic in their effects.”

- F.A. Hayek, Fatal Conceit, page 81