The Morality of Economics
"Economics was founded by moral philosophers, and links between the two disciplines remain strong. So why won’t economists make judgments on the gap between rich and poor?"
"Many economists are reluctant to confront rising income inequality directly, saying that whether this trend is good or bad requires a value judgment that is best left to philosophers. But that disclaimer rings hollow. Economics, after all, was founded by moral philosophers, and links between the disciplines remain strong. So economists are well positioned to address this question, and the answer is very clear. Adam Smith, the father of modern economics, was a professor of moral philosophy at the University of Glasgow. His first book, 'A Theory of Moral Sentiments,' was published more than 25 years before his celebrated 'Wealth of Nations,' which was itself peppered with trenchant moral analysis."
- Acosta will be allowed to return to the White House on Friday.
- The case is still open, and the administration may choose to appeal the ruling.
Progressive America would be half as big, but twice as populated as its conservative twin.
New research identifies an unexpected source for some of earth's water.
- Our planet hides majority of its water inside: two oceans in the mantle and 4–5 in the core.
- New reason to suspect that water is abundant throughout the universe.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.