gwern comments on Rationality Quotes March 2012 - Less Wrong

4 Post author: Thomas 03 March 2012 08:04AM

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Comment author: gwern 03 March 2012 07:53:42AM 5 points [-]

"A full tour through the modern critics of the competitive organization of society would be a truly exhausting trip. It would include the drama, the novel, the churches, the academies, the lesser intellectual establishments, the socialists and communists and Fabians and a swarm of other dissenters. One is reminded of Schumpeter’s remark that the Japanese earthquake of 1924 had a remarkable aspect: it was not blamed on capitalism. Suddenly one realizes how impoverished our society would be in its indignation, as well as in its food, without capitalism."

--George F. Stigler, "Economics or Ethics?"