After napping on it, I have a theory of what ails capitalism: it is not Darwinian enough. The “selfish” motive in Adam Smith corresponds to personal fitness rather than inclusive fitness. Taxation is a crude and insufficiently precise mechanism to add inclusive fitness back in.https://twitter.com/vgr/status/1188151423835365376 …
In practice a distinction without a difference 90% of the time. The economy is 90% designed for selfishness and 90% of behavior reveals selfish preferences
-
-
The economy is designed for voluntary exchange, not selfishness. Our daily lives are a testament of that.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.