In Pursuit of Civilization

Greg Davidson and Paul Davidson
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Greg Davidson: National Aeronautics and Space Administration (NASA)

Chapter 1 in Economics for a Civilized Society, 1996, pp 1-24 from Palgrave Macmillan

Abstract: Abstract A conservative philosophy of economics has dominated the political agenda of the 1980s and 1990s. This philosophy can be epitomized in the following question: What’s the difference between love and prostitution? If we asked this question of those whose economic philosophy shaped American politics in the 1980s and 1990s, the answer is that prostitution is a valuable service that some people are willing to pay for, while love is not for sale and therefore is worthless. This philosophy of market valuations provides the basis for all values in conservative economics.

Keywords: Civilized Society; Federal Reserve; Natural Rate; Full Employment; Civic Virtue (search for similar items in EconPapers)
Date: 1996
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Chapter: In Pursuit of Civilization (1988)
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DOI: 10.1057/9780230374874_1

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