There appears to be a misunderstanding:
Now, with the property worth roughly $60,000 less than the balance of their mortgage, Martin, 68, has been giving serious thought to just walking away, a process lenders call “strategic default.”
“Guilt and morality are one side, and objective financial analysis are on the other side,” Martin said. . . . → Read More: The Morality of Walking Away
The other day, my brother emailed me to ask if it was wrong to play the stock market. Since I was going to take the time to write him, I thought I’d share my response on my blog.
In the first place, it’s important to note that the stock market is inherently neutral, morally. . . . → Read More: Is It immoral to Play the Stock Market?
One of the benefits I have obtained from reading Nicholas Phillipson’s excellent book, ‘Adam Smith, an Enlightened Life’ is a better understanding of what Smith was trying to achieve in writing ‘The Theory of Moral Sentiments’ (TMS). He apparently saw the book as a contribution to a ‘science of man’ based on the observation . . . → Read More: Does Adam Smith’s ‘Impartial Spectator’ Provide a Sufficient Basis for Cosmopolitian Ethics?
If big government is taking us towards a brave new world we might expect this to show up in differences in values held by people in countries with big and small governments. As discussed in my last post there seems to be some evidence that people in high-income countries with big governments tend to . . . → Read More: Does the Importance of Values Encouraged in Children Vary With the Size of Government?
In my last post I gave several reasons why I think the ‘good society’ is a useful concept. There is another reason. The concept of a ‘good society’ may help us to think more clearly about progress.
What is the problem with progress? I am just about old enough to remember the 1950s when . . . → Read More: What is Progress?
Amidst the madness (March and otherwise), around America we have been seeing signs of outrage at all sorts of characters, from our elected officials to AIG execs to foreclosure auctioneers. Indeed worldwide, the signs of growing unrest amongst the populace are beginning to spread. But while people are angered by all sorts of errors, . . . → Read More: The Conscience of a (Classical) Liberal
Many people believe that egalitarianism is the moral high ground and use moral arguments to justify government intervention and theft. Itis not the high ground, but is actually based on entirely immoral precepts. . . . → Read More: The Immorality Of Egalitarianism