Articles & Blogs on the Ethics of Markets / Economics / Business

Open; The Progressive Case for Free Trade, Immigration, and Global Capital – New on Our Bookshelf

“In Open; The Progressive Case for Free Trade, Immigration, and Global Capital economist Kimberly Clausing faces down the critics from both sides. She demonstrates in this vivid and compelling account that open economies are a force for good, not least in helping the most vulnerable.”

More books on globalization & free markets

How Ergodicity Reimagines Economics for the Benefit of us all

“In the real world, through the pages of scientific journals, in blog posts and in spirited Twitter exchanges, the set of ideas now called ‘Ergodicity Economics’ is overturning a fundamental concept at the heart of economics, with radical implications for the way we approach uncertainty and cooperation. The economics group at LML is attempting to redevelop economic theory from scratch, starting with the axiom that individuals optimise what happens to them over time, not what happens to them on average in a collection of parallel worlds.”

Companies Promoting Causes Can Be Accused of ‘Wokewashing’ – Allying Themselves only for Good PR

“More consumers want companies to address societal problems, including climate change and crumbling infrastructure. Additionally, more than half want to buy from brands that take stands on social issues. At the same time, consumers are increasingly skeptical about these partnerships, seeing them as marketing stunts. It’s called wokewashing.”

AI is Forcing Us to Rethink Economics

“ince its founding in the aftermath of the 2008 global financial crisis, INET has been spearheading efforts to move economics towards more pluralistic, multidisciplinary, and human-centric approaches. The evident failure of the profession’s mainstream to predict, prevent, and manage the crisis has laid bare its limitations. Currently, in the face of another transformation of seismic scale—the rise of artificial intelligence, or AI—an enlarged and improved economic discussion is crucial to ensure shared prosperity, and that humanity as a whole is not left behind.”

How Ideologues Devalue and Dismiss Economics

“Economics is often dismissed as ideological, reductionist, and mendacious. In the United States we see these criticisms increasingly from both the political left and right. […] Carl Menger, one of the driving forces behind the marginal revolution in economics, was no stranger to these sorts of criticism. His essay, ‘The Social Theories of Classical Political Economy and Modern Economic Policy (1891),’ […] The entire essay is well worth reading and only recently available in English.”

How Market Forces Can Help Preserve the Environment

“Many people believe government rules and regulations are the only way to protect the environment. But there are important benefits that properly structured market forces can bring to environmental policy. When the government and markets work together, it leads to effective solutions for sustainability.”

New on the Moral Markets bookshelf: Free Market Environmentalism for the Next Generation (2015)

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