QotD

Paul Krugman:

My vision of economic morality is more or less Rawlsian: we should try to create the society each of us would want if we didn’t know in advance who we’d be.

Brilliant.

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8 responses to “QotD

  1. I read that post and thought the same thing. I even love the term “economic morality” because it implies that there should actually BE some.

  2. Brilliant. Now, what’s the practical difference between that and “the society each of us would want if it didn’t matter how hard we tried”?

    Take your time.

    • The difference would be that Krugman is talking about the external advantages many people get, be it race, gender, economic status, whatever.

      If you’re the son of an investment banker you’re going to be getting a silver spoon in your mouth and could probably skate by with little to no effort in life but still make six figures as an adult after your connections get you into a good school and a job at daddy’s firm.

      Meanwhile some poor kid in the inner city going to a school with books from the 1960s and a neighborhood where there are more drug dealers than teachers is going to really have a hard time climbing the ol’ economic ladder.

      • Yes, of course that’s what he’s talking about. Now, what’s the practical difference between that and “the society each of us would want if it didn’t matter how hard we tried”?

        You do understand what a “practical difference” is, don’t you?

      • “How hard we tried…” to do what? To survive? To live responsibly? To accumulate wealth? Can you clarify?

      • To do anything liberals think is too hard for people to have to do without some kind of government safety net. Best I can tell, there’s no limit on what that might be.

      • To do anything liberals think is too hard for people to have to do without some kind of government safety net. Best I can tell, there’s no limit on what that might be.

      • To do anything liberals think is too hard for people to have to do without some kind of government safety net. Best I can tell, there’s no limit on what that might be.

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