"So-called identity politics can be both an authentic form of personal expression as well as a force for division and enmity. As identity politics increasingly manifests in our economic life, we encounter the danger of identity economics, where we only agree to economic transactions with those who agree with us on an ever-growing list of moral or even political shibboleths."
A full vision of the social structures of human flourishing must include three elements: the economic, political, and moral-cultural, so Jordan Ballor - researcher in the project 'What Good Markets are Good for' - argues in this essay.
What economist and business ethicist Johan Graafland likes about The Theory of Moral Sentiments (1759) by philosopher and economist Adam Smith, is that it displays an enormous understanding of human nature and that he makes you reconsider your point of view times and again. A book interview.
"A much greater risk, it seems to me, is that all kinds of much needed discussions about the structure of our economy, which have gained traction in recent years, will come to a halt again. In which sectors can the free market work well, and in which not? In the financial sector? In the health care sector? In the food sector? And under what conditions?"
The case for free trade is often based on the view that man is a rational and individualistic homo economicus. This article analyzes free trade from a broader, relational picture of mankind. After introducing this view, we discuss the blessings of free trade from this relational perspective. Next we explore three developments that put international trade under pressure. We investigate a number of policy options to prevent free trade from impairing interpersonal relationships.
Ding-dong. In the left corner we have the great champion Adam Smith, assisted by his charming assistant Deirdre McCloskey. In the right-hand corner his vile challenger Bernard Mandeville, accompanied by leftist groups shouting ‘boo!’ The fight can begin. Mandeville...
Historical economist Floris Heukelom is optimistic that we can change the way in which we evaluate national economies - thanks to the detailed analysis that sociologist Andrew Yarrow presents in “Measuring America; How Economic Growth Came to Define American Greatness in the Late Twentieth Century” (2010). A book interview.
Who are the losers of globalization? Many people claim that the rise of the three p’s (populism, patriotism and protectionism) is motivated by the fact that the benefits of globalization are unequally distributed over the population. But is this true?