News

The Oil Market Shows It Can Take a Punch

The Persian Gulf crisis has not ignited a major price spike, thanks to growing oil production in the U.S. and a slowing in overall demand. 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