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.


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.