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Agree 100%. Economic theory is more moral philosophy and religion than science. To begin with, its fundamental motivation rests on utilitarianism. But then it a
by geysersam 5y ago
Agree 100%.
Economic theory is more moral philosophy and religion than science. To begin with, its fundamental motivation rests on utilitarianism. But then it also fails to accomplish that goal because it values the utility of a rich person buying something expensive more than it values ten poor persons buying something essential. That's also why a carbon tax does not work.