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Philosophy of markets

The very excellent Lisa Herzog interviewed here. H/T to Eric Schliesser. The cliché is that Smith is a “negative liberty” guy and Hegel a “positive liberty” guy. In fact, both have very nuanced accounts of how different dimensions of freedom are realized in a modern society; the freedom to do what you want with your property…

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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…