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Modern conservatives engage in one of man's oldest exercises in moral philosophy: the search for a superior moral justification for selfishness. Galbraith

That's the ultimate alchemy indeed.

It is interesting that Krugman is not far from that pursuit; from the "much earlier" article:

Above all, the story of the co-op tells you that economic slumps are not punishments for our sins, pains that we are fated to suffer. The Capitol Hill co-op did not get into trouble because its members were bad, inefficient baby sitters; its troubles did not reveal the fundamental flaws of "Capitol Hill values" or "crony baby-sittingism." It had a technical problem -- too many people chasing too little scrip -- which could be, and was, solved with a little clear thinking.

Presumably, all technical problems can be ideally solved, and we never have to worry about morality. That must be the most important human need that a theory could satisfy, a relief from moral considerations..

by das monde on Wed Nov 18th, 2009 at 04:56:51 AM EST
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