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by UweSchmidt 1337 days ago
Hello Neoclassical Economics: Humans are rational actors in an ideal market, in which supply and demand is rationalizing out anything bad.

Is that really the world we live in? Have you met rational humans? Are we living in ideal markets?

Truth is, bad situations of all sorts are springing up and remaining in place long-term. A closer look at each individual issue (as done in this thread) reveals complex factors that need to be adressed. Using a simplistic model from economics to ignore any and all ethics (term used loosely for any attempt to do what's right) is not valid imo.

1 comments

You seem to be confusing the definition for "moral" with the definition for "ethical".
Despite my A-level in philosophy, I have no idea what the difference between those might be. Every example sentence I just thought of, I can substitute "moral" for "ethical" or vice versa without changing the meaning.

I then googled just in case I might have missed something, but it says "ethical" is "relating to moral principles or the branch of knowledge dealing with these", so again…