An email with a link to:
was emailed to:
Thanks for sharing About.com with others!
How Jurassic Park Lied to Us About Dinosaur CloningWhat Did Freud Really Believe about Personality and the Id&#...College Interview QuestionsSingular Indefinite ArticlesThe10 Hottest Psychology Career Trends
By Jodi BeggsNovember 30, 2012
Follow me on:
The professor does raise some good points. Markets tend to be efficient in the allocation of resources, yes, but we should ask the separate question of whether and when sometimes the most efficient allocation might indeed be immoral. Organs for sale is just one example. The level to which we can morally consent to things is not unlimited; I cannot sell myself into slavery, even if for a fixed duration, even if I wanted to. “Freedom of contract” is not the only human right. Efficiency, while important, is not the sole goal of a just system.
Just curious, but how do economists see the questions raised?
Be careful what you ask for. You can see a pretty exact answer to your question here:
Hey all! I also think in the very same manner. Do you recognize THE LAW OF DIMINISHING MARGINAL UTILITY? This concept is applicable in both of the fields.:-))…
<a href="" title="">
©2014 About.com. All rights reserved.