The idea of the market as amoral is also a new concept to me. Although it makes logical sense now that I think about it, I had never considered it before. I like the comparison to evolution made on page 21. I just wish there was a certain degree of morality incorporated into the market. Just like a democracy of murderers and rapists is no good, a market lacking in moral values is no good.
Saturday, September 12, 2015
Nathan Rowley, Chapter 1, Question 6
Chapter one helped expand my understanding of how economic decisions are made from a local standpoint. I had never considered that different circumstances could lead to economic decisions like cutting down rainforest, even though it is clearly a bad choice from a global perspective. The experiences of those doing the cutting, like all of our experiences, are compartmentalized; they don't know the global repercussions of their actions, because their experience is compartmentalized to that small area of the planet. So too is my experience compartmentalized; my prior lack of understanding of their decisions is proof of that.
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