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Comments on: The morality play of the “non-morality play” http://www.tvhe.co.nz/2008/12/25/the-morality-play-of-the-non-morality-play/ The Visible Hand in Economics Wed, 07 Jan 2009 08:58:11 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Christmas Offenders « Something should go here, maybe later. http://www.tvhe.co.nz/2008/12/25/the-morality-play-of-the-non-morality-play/#comment-8167 Wed, 07 Jan 2009 08:58:11 +0000 http://www.tvhe.co.nz/?p=2522#comment-8167 […] Oswald Bastable found a few things to say in a couple of posts, something about drinking… The Visible Hand in Economics posted a rather heavy essay called “The morality play of the “non-morality play”“. […]

]]> By: Matt Nolan http://www.tvhe.co.nz/2008/12/25/the-morality-play-of-the-non-morality-play/#comment-7486 Sun, 04 Jan 2009 21:57:23 +0000 http://www.tvhe.co.nz/?p=2522#comment-7486 Hi Terence,

I think I would have been better to say that the value judgment is that higher employment and consumption in of themselves lead to greater welfare.

Thanks for the holiday regards, hope you had a good new year yourself 🙂

]]> By: terence http://www.tvhe.co.nz/2008/12/25/the-morality-play-of-the-non-morality-play/#comment-6187 Tue, 30 Dec 2008 05:52:13 +0000 http://www.tvhe.co.nz/?p=2522#comment-6187

Fundamentally, I believe that these economists are making an implicit moral judgment when they state that we need to “improve current outcomes” through employment and consumption.

Your sentence is too long to be correct I think.

Had you only said “Fundamentally, I believe that these economists are making an implicit moral judgment when they state that we need to “improve current outcomes”” you would have been correct, but even then the moral judgment involved is nothing more controversial than good old fashion Utilitarianism. For most economists utilitarianism is implicit in the work they’d do and good luck to anyone who wants to argue against this particular political philosophy at present. (i.e. good luck to anyone who wants to make a competing moral case for why we shouldn’t be trying to improve well being).

The “through employment and consumption” bit isn’t a moral judgment at all. It’s something that’s either right or wrong when it comes to improving outcomes.

p.s. Hope your hols are going good 🙂

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