OMG. Economics is so complex and convoluted! Soooo many factors! Anybody who thinks it's easy needs 15 minutes with an economist. It's an entirely different language!
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The author claims our common moral intuitions inhibit proper economic understanding. But maybe our moral intuitions SHOULD moderate our economics. E.g. maybe it's right to disapprove of price-gouging, even if it increases economic efficiency.
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People speak of economics like it's some alien value system, but it's just a tool to assess the actual consequences of what we do. For example, banning price gouging will exacerbate shortages. So is it right to ban price-gouging even if it will cause shortages?
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