GetImage

Morals and markets

Sandel plugging his latest. The journalist’s quote below has much resonance to me.

Even to a toddler’s mind, the logic of the transaction was evidently clear – if he had to be bribed, then the potty couldn’t be a good idea – and within a week he had grown so suspicious and upset that we had to abandon the whole enterprise.

OB-RN985_rohamc_G_20120126144835

The New Theories of Moral Sentiments

Here is an article in the WSJ on Deirdre McCloskey. I had the honour and pleasure to meet Deirdre some 18 months ago at a conference on behavioral economics in San Diego. She was absolutely delightful. Everything you wanted to know about Deirdre but were afraid to ask . . . can be found here.