SOME COMMON MISCONCEPTIONS IN DISCUSSION OF MARKETS AND MORALITY

Thomas E. Woods

Economic Affairs, 2010, vol. 30, issue 1, 21-26

Abstract: 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.

Date: 2010
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https://doi.org/10.1111/j.1468-0270.2009.01968.x

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