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torekp comments on Why economics is not a morality tale - Less Wrong Discussion

7 Post author: Stuart_Armstrong 04 June 2013 03:20PM

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Comment author: torekp 07 June 2013 12:13:29AM 0 points [-]

For a second, much better reason why economics can't be a morality tale, see Elizabeth Anderson's recap of Hayek's argument:

In two of his important works of political economy, The Constitution of Liberty (see esp. ch. 6), and Law, Legislation, and Liberty (vol. 2), Hayek explained why free market prices cannot, and should not, track claims of individual moral desert.

Warning (in case you care): highly political.

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