Selfishness, Greed and Capitalism

Selfishness, Greed and Capitalism

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This IEA publication deals head-on with a number of widely quoted myths about the market economy. In the case of the philosophical myths, such as the idea that economists believe that everybody is greedy, the author, Christopher Snowdon, carefully and entertainingly unpicks the misguided ideas that have taken hold. The author then moves on and effectively disposes of a number of economic myths using empirical evidence that is often ignored by commentators.Mechanisms Further questions arise when we consider how inequality could drive so many different health and social ... What is the mechanism by which income disparities lead to unfavourable outcomes? ... a#39;Shame and humiliationa#39;, they write, a#39;become more sensitive issues in more hierarchical societies: status becomes more ... Small income differentials do not necessarily indicate an egalitarian ethos.

Title:Selfishness, Greed and Capitalism
Author: Christopher Snowdon
Publisher:Do Sustainability - 2014-12-15

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