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The recent financial crises were preceded by a prolonged and sharp increase in inequality. This brought to the fore the possible relationships which may exist between the distribution of income and instability. As financial crises are typified by excessive risk-taking behaviour, we will argue...
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1. An Illusion of Order -- 2. The Power of Beliefs: The Organisational Principles of Economics' Paradigmatic Core -- 3. A Sense of Irrelevance -- 4. On Freedom and Justice: A Note Pertaining to Economics' Liberal Connection -- 5. On Human Sociality I -- 6. Human Sociality II: Intrinsic...
Persistent link: https://www.econbiz.de/10012398476
1. An Illusion of Order -- 2. The Power of Beliefs: The Organisational Principles of Economics' Paradigmatic Core -- 3. A Sense of Irrelevance -- 4. On Freedom and Justice: A Note Pertaining to Economics' Liberal Connection -- 5. On Human Sociality I -- 6. Human Sociality II: Intrinsic...
Persistent link: https://www.econbiz.de/10012398477
<title>Abstract</title> In this paper we confront attempts to bring Smith closer to utilitarianism. We show that Smith's conception of utility is not utilitarian. While the pursuit of 'pleasure' could lie behind human behaviour, it is not the pleasure referred to by utilitarianism. Instead, utility, in its...
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