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In this short piece, I respond to the idea that the financial crisis of 2007-2008 was caused by a frenzy of immoral practices in the real estate and financial markets. I argue that such a theory is fundamentally misguided. In reality, the Federal Reserve's unduly accommodating monetary policy in...
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Everybody who ascribes a material steering function to moral norms has to give some reasons why rational individuals actually obey these norms. This is a quite natural question to start with, specially for economists. Recently, the philosophers Stemmer (2000, 2001, 2002, 2003, 2004), Hoerster...
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conclusions.The Analects present a powerful case against utilitarian ethics in a manner which is very similar to Smith's argument … against utilitarianism.Smith and Confucius analyze and apply virtue ethics in a manner that is consistent and coherent. A … reader who understands Confucius will understand Smith, although Smith's rationale for the practice of virtue ethics is more …
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