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Economist Ryan Murphy explains divergences between popular and informed opinion on the value of the institutions of the modern world, including globalized markets, science, and pluralism. The public expresses hostility for these institutions both in the voting booth and in their private lives, and even through the marketplace itself.
In Markets Against Modernity, economist Ryan Murphy documents a clear continuity between the systematic errors people make in their personal lives and the gaps between public opinion and informed opinion. These errors cluster around specific divergences between how the modern world’s institutions function—including global markets, pluralistic democracy, and even science itself—and how evolution trained our brains to understand the nature of economic relationships, social relationships, and humanity’s relationship to the physical world. Murphy calls these systematic divergences Ecological Irrationality. Exploring them leads him to even more prickly questions—and to conclusions that may challenge the beliefs of those who understand that, for instance, modern vaccines are safe and effective. Do we actually want a less cohesive society? Is doing a task yourself financially prudent? And if we recognize an expert consensus, is there even a way to implement it and achieve the desired effects?
This seminal Handbook provides a comprehensive overview of contemporary research on economic freedom, using multidisciplinary methods to assess studies of the determinants and consequences of market-oriented institutions and policies. Niclas Berggren brings together world-leading experts in their respective fields to explore the notion of economic freedom in the history of economic thought, to present measures of economic freedom and to provide overviews of the latest empirical research.
The Moral Case for Profit Maximization argues that profit maximization is moral when businessmen seek to maximize profit by creating goods or services that are of objective value. Traditionally, profit maximization has been defended on economic grounds. Profit, economists argue, incentivizes businessmen to produce goods and services. In this view, businessmen do not need to be virtuous as long as they deliver the goods. It challenges the traditional defense of profit maximization, arguing that profit maximization is morally ambitious because it requires businessmen to form normative abstractions and to cultivate a virtuous character. In so doing, the author also challenges the moral basis of...
This Handbook presents chapters that explore the causes and consequences of politics within economic history using social-scientific theory and methods.The first section summarizes the state of the field and provides an overview of the data and techniques typically used by HPE scholars. Subsequent chapters survey major HPE research areas in political economy, political science, and economics, as well as the long-run economic, political, and social consequences of historical political economy
This book is a printed edition of the Special Issue Public Choice that was published in Economies
What are individual rights? What is freedom? How are they related to each other? Why are they so crucial to human life? How do you protect them? These are some of the questions that A Declaration and Constitution for a Free Society answers. The book uses Objectivist philosophy—the philosophy of Ayn Rand—to analyze subjective, intrinsic, and objective theories of rights and show why rights and freedom are objective necessities of human life. This knowledge is then used to make changes to the Declaration of Independence and U.S. Constitution. Through these changes, the book shows the fundamental legal requirements of a free society and why we should create such a society. It demonstrates why a free society is morally, politically, and economically beneficial to human beings.
Kathleen Touchstone applies the philosophies of Objectivism, rule-utilitarianism, and neo-Aristotelianism to strategies of risk management. She proposes a risk index model which accounts for probability, virtue, and consequences, utilizing philosophical insight into the gauging of success.
In recent years, prominent scholars, public intellectuals, and politicians have advocated reforming America’s economic model to embrace “common-good capitalism.” Catholic social teaching is a major influence on this movement. Is common-good capitalism compatible with the historical American commitments to private property rights and ordered liberty? What resources from Catholic social teaching can help orient free enterprise towards the common good? This book is the first scholarly inquiry into these exciting new questions. We can better understand common-good capitalism by exploring the political economy of distributism. Formulated in the early 20th century by prominent Catholic intel...
The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)