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Not every value that people hold is economically reducible.
by exolymph 8y ago
Not every value that people hold is economically reducible.
- kristianc 8y agoIn the FT's case, it is. The FT doesn't 'know a lot', it largely reflects the mainstream consensus of the economics literature and think tanks - which are broadly pro market with regulation, in line with much of the economics profession. The FT has come out and said that if most of the economics literature was in favour of Brexit, they would have been too, but it wasn't, so they weren't. There was a lot of concern with Nikkei's investment in the FT that that would no longer be the case and that it would kowtow to it's corporate owners - if proved not to be the case.