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by Jeff_Brown
1109 days ago
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Philosophers seem to delight in the idea that the common good is hard to define. I'm an economist. I don't see much wiggle room. The wiggle room that exists is: (1) How much do you care about whom? In particular, do you care equally about everyone, or are you a jerk? (2) How do you weight the relative value of things like money, health, longevity, entertainment? (3) At what rate does the marginal utility of such things diminish? Okay maybe that's a lot of wiggle room. Still, under any reasonable set of weights, making millions of people sick is not worth the money 3M made. |
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