Tag Archives: morality

Comment on The True Cause Of Cruelty, Redux – Examining the “Spirit of Abstraction”

2013-08-01 · by · in Life · Leave a comment

“It’s called the spirit of abstraction, a term originally coined by Gabriel Marcel in his essay “The Spirit of Abstraction as a Factor Making for War,” and is defined as the practice of conceiving of people as functions rather than as human beings.” [From the article The True Cause Of Cruelty, Redux] It is an […]

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Who Benefits From Economic Recovery?

2013-07-11 · by · in Economics · Leave a comment

Everyone is supposed to benefit, right? “A rising tide lifts all boats” is the saying that comes to mind. This statement assumes that an economic recovery will benefit everyone equally. What really happens is the very wealthy benefit the most because they have much more money invested in the economy. But, shouldn’t there also be […]

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The Invisible Hand: Episode Five – Moral Hazard

2013-04-12 · by · in Economics, Podcasts · Leave a comment

“What is a Moral Hazard? To economists, it is a state that exists when people tend to take more risks knowing that someone else will bear the costs.” [The Invisible Hand: Episode Five – Moral Hazard] Couldn’t one say that this is the crux of what is wrong with our fetishism with unbridled capitalism? We […]

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A Good Example of a Bank

2013-03-23 · by · in Economics · Leave a comment

Dan Ariely provides an example of bank doing the right thing.

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Morality in Economics (and Elsewhere)

2013-02-18 · by · in Economics, Podcasts · Leave a comment

I just finished listening to CBC: The Invisible Hand, Episode 10 – Homo Economicus 2.0. The gist of the podcast was discussing the idea of economists modelling human behaviour in the marketplace via a sort of wire frame person acting its own self interest dubbed “Homo Economicus“. In recent years, an attempt has been made […]

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