A new book called Good Intentions proposes that Christians should stop judging economic matters on the basis of pre-conceived moral positions and start judging them on the basis of what actually works. A prime example is the debate about the minimum wage... If the aim is to relieve poverty, say the authors, the minimum wage … Continue reading Good Intentions: is rational choice the only choice?
Tag: rational choice
Pirates: just acting rationally?
Economist Peter Leeson has a new book coming out about the economics of piracy in the late 16th and early 17th century 'golden age'. He uses piracy as a test case for the claim that rational choice economics is what motivates much of human behaviour. In an article on the same subject, he writes: '“Pirational … Continue reading Pirates: just acting rationally?