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Pro-Market AND Pro-Business – Econlib
Both economists and libertarians often emphatically state, “I’m not pro-business. I’m pro-market.” What does this slogan really mean?
econbasics  reluctantecon  social-entrepreneurship 
5 days ago by frederikmarain
Jaron Lanier on fighting Big Tech’s ‘manipulation engine’ | Financial Times
“I don’t see how any society can hope to survive unless there’s at least some degree of alignment between society’s interests and economic incentives.”
econbasics  social-entrepreneurship 
5 weeks ago by frederikmarain
homo economicus, homo oppressus |
First, homo oppressus encourages people to see the world as a zero sum conflict. Marx is the classic example. There may be some short term economic growth, but ultimately social classes come into conflict. We also see versions of homo oppressus in feminist/masculinist theories, religious orthodoxy, and critical race theories. It is incredibly hard for someone committed to homo oppressus to understand that life is not zero sum and that many activities can enhance global well being yet still maintain inequality in various ways.
econbasics  social-entrepreneurship 
5 weeks ago by frederikmarain
Private and public value | The Enlightened Economist
In an echo of the wider debate about economic institutions, she argues that the Anglo-Saxon structures have become extractive or exploitative, rather than value-creating. I was briefly excited by her use of the term ‘public value’, with the BBC as an example; but she does not reference the political science literature on public value or that the BBC actually implemented formal public value processes. The book instead links the term to Elinor Ostrom’s work on collective decisions (wonderful as it is).
social-entrepreneurship  econbasics 
may 2018 by frederikmarain
Against Equality and Priority MICHAEL HUEMER
I start from three premisses, roughly as follows: (1) that if possible world x is better
than world y for every individual who exists in either world, then x is better than y; (2) that if
x has a higher average utility, a higher total utility, and no more inequality than y, then x is
better than y; (3) that better than is transitive. From these premisses, it follows that equality
lacks intrinsic value, and that benefits given to the worse-off contribute no more to the
world’s value than equal-sized benefits given to the better-off.
social-entrepreneurship  inequality 
may 2018 by frederikmarain

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