Does Morality Matter? PDF Version
In mainstream economics…. no, morality doesn’t matter. In fantasy – free economics…. it does.  That is because instead of focusing on numbers, I focus on the natural forces that make the numbers what they are.  In mainstream economics, morality doesn’t matter. An immoral activity doesn’t produce a negative number  that can be used in analysis. Neither does a moral activity produce a positive number.

Words are interesting. Say either moral or immoral and and it might seem like the the conversation is about to shift to some lofty philosophy that is useless in public life. It may seem like an idealist is about to bore everyone. Each religion identifies what is moral and what is not. Societies where there is no religion at all, have systems of morality that parallel those of religious societies. Continue reading →

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