Answer at least one or all of these questions in essay form. at least 2 to 3 pag
ID: 1127804 • Letter: A
Question
Answer at least one or all of these questions in essay form. at least 2 to 3 pages in length include quotes to support statments.
Thank you
use these as taling points for economic growth
Harsanyi –Utilities, Preferences, and Substantive Goods
Hicks –The Foundations of Welfare Economics
Hausman & McPherson –“Economic Analysis, Moral Philosophy
, and Public Policy”
Sandel –What Money Can’t Buy: The Moral Limits of Markets
To what degree do markets depend on ethical actors? Compare and contrast how would markets work in a society where everyone was purely self-interested, in one where everyone is purely saintly, and in one where everyone was somewhere in between.Explanation / Answer
Essay on 1st question
In todays world there are no ethical actors there are only self intrested people. If there are ethical actors than there will be no inequality in earnings everyone will get their fare wage for the work they have done which will lead to growth in livelihood of people and eradicate poverty. There will be coopeartion, friendly relationship between people and there will be products which will be developed for the usefull of humanity. There will be no politics and there will be no competation becuase everyone will coopearate with each other.
If everyone are purely self intrested: There will only selfishness of gaining profits even by cheating or by following wrong ways which is not a good sign to the society because they will try to evade taxes to government, try to cheat their labour by paying less wages for their work and follow many other practices which will only gain them profits for their own self intrest. Sometimes that type of people will also become bankrupt due to more want for money wich will again people.
If everyone are santly: There will be economic growth in all communities of a society. There will be no poverty and all people are paid for their services with proper wages. The government will get taxes to run the country. Profits will be shared equally. There will be no competation between firms etc.
If everyone are in between sanity and self intrested: There will be a confusion on because some times there will be good and sometimes there will be bad which depends on the situation or the money which will make them greedy .
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.