Category: Economic Thinking

Everyone Claims They’re Worried About Global Finance. But Only One Side Has a Plan.

Senator Josh Hawley, Republican of Missouri, said at the recent National Conservatism Conference, what he called the “the cosmopolitan economy” has encouraged multinational corporations to move jobs and profits overseas and then “rewarded these same corporations” for “investing their profits not in American workers, not in American development, but in financial instruments that benefit the cosmopolitan elite.” New York Times

Licence to be Bad: How Economics Corrupted Us

By Jonathan Aldred. Modern economics, the author argues, dismisses ethics in favour of a narrow focus on self-interest. “The argument that both parties to a voluntary transaction must be better off, otherwise it wouldn’t take place,” he writes, “is used to wash away all considerations of justice, fairness, responsibility, exploitation and so on.” The Economist