Friday, December 08, 2006

externalities determin moral

A society with no externalities in its markets is one which has traded in all its moral values for economic ones.

We, the collective we, get to choose our externalities. They determine our morals/market boundary. (If kidneys are sellable why not hearts or brains? It must be because life is worth some incalculablely high moral value. An externality-free economy would not care one bit.)

No comments: