Morality In The Economic Equation

Common Sense Economics disagrees with conventional economists in a number of areas. For the most part conventional economics does not recognize the morality of an action as a factor in determining the outcome of an activity. Common Sense Economics knows otherwise. According to natural law an action with an immoral beginning will eventually create a negative outcome, despite who benefits initially. This is why society does not benefit from initiatives to redistribute income. It is hard to find a moral basis for taking part of what one person earns and giving it to someone else.
In the south, before the Civil War, from a purely economic standpoint slavery seemed to benefit all who were not slaves. In the end, no one benefited and the South was destroyed. Wealth disappeared.
Expected Seasonal Pattern Compared To Actual Trading

Historical Statistics

Historical Statistics

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