Thursday, March 28, 2013

Optimizing Ethics And Economics!


The flow of knowledge is at its optimal in an unhampered free market (divine economy) and the development and evolution of ethics is at is optimal in an unhampered free market (divine economy); and savings is optimal (function of time preference associated with peace and prosperity) and capital is directed optimally by ethically evolving individuals who are exercising their entrepreneurial spirit in a world where knowledge is flowing at its optimal.
If this doesn't solve any of the issues that you can think of - then it is for certain - that less optimal means will not either!
If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:

Sunday, March 24, 2013

Laissez-Faire Is Ethical Economics!

What precipitated this blog entry was this "The Only Fair Is Laissez-Faire."

A narrow mindset associates laissez-faire only with economics. And there is also a narrow mindset within economics that insists that the realm of ethics has to be kept separate. The consequence of such a mindset is a small understanding of something that is monumental.

This can also be seen in religion where something monumental is made into something small and very limited. The literalists - those who have constricted meaning into some small ego-driven interpretation - miss out on a great deal of the potential magnificence and probably end up influencing others, causing them to miss out too. Such a narrow mindset in economics is one of the reasons we are living in the Dark Ages of economics.

Why is laissez-faire "the only fair"? Of course without compulsion the choices made are voluntary; which is fair. But what also happens is the dynamics within a voluntary, non-coercive civilization is conducive to the natural evolution of ethics. And so not only are the voluntary choices in laissez-faire perceived as fair (and actually are) but the ability to ascertain what constitutes fairness is also evolving. Consequently, understanding of fairness is continually being refined and its expression within a laissez-faire framework advances civilization.

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If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
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