Markets and Morality
Marc Chandler
August 31, 2015
(a draft of a monthly column I write for a Chinese financial and economic magazine)
Economics is dubbed the dismal science because it studies scarcity. A question that predates human society is how should scarcity be distributed. Nature rewards the strong, the quick, and the cunning. Societies mitigate this natural system in care for the young, …
Economics is dubbed the dismal science because it studies scarcity. A question that predates human society is how should scarcity be distributed. Nature rewards the strong, the quick, and the cunning. Societies mitigate this natural system in care for the young, …
Markets and Morality
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August 31, 2015
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