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  1. Nov 2020
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    The Limits Of Organization
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    1. rufuspollock 15 Nov 2020
      Anditisclearthatthislackofsocialconsciousnessisinfactadistincteconomiclossinaveryconcretesense,aswellofcourseasalossinthepossiblewell-runningofapoliticalsystem.IapproachthisfromthepointofviewofaneconomistsoIspeakofthefail-uresofthepricesystem;Iamsureonecouldcometothesameendfromotherpointsofview.Butstartingfromthispointofview,thefactthatwecannotmediateallourre-

      And continues:

      sponsibilitiestoothersthroughprices,throughpayingforthem,makesitessentialintherunningofsocietythatwehavewhatmightbecalled“conscience,”afeelingofresponsibilityfortheeffectofone’sactionsonothers.

      The crucial sentences ...

      we cannot mediate all our responsibilities to others through prices, through paying for them, makes it essential in the running of society that we have what might be called “conscience,” a feeling of responsibility for the effect of one’s actions on others.

      Why economics 101 misses so much.

      culture economics 101

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