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TravelWhat does the free-market have to do with the family? What does libertarianism have to do with community? What does the minimal state have to do with social order? Indeed, what does love have to do with economics? Good questions indeed.Those opposed to libertarian principles will of course answer these questions differently from those in favour. But Jennifer Roback Morse offers an interesting third proposal. She notes that...
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Since the 1970s, the Chicago school of economics has applied the standard economic assumption of self interest outside the ordinary workings of the commercial marketplace. The public choice school of economics analyses the workings of a government system where politicians, administrators and indeed everyone involved in the system is motivated by personal gain. Criminal behavior is one more career choice. Children are conceived...
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I can summarize LOVE & ECONOMICS with a true story: While I was a child, my (full-time) mother -- while in a state of total exasperation - lamented to me, "The hardest job in the world is raising children." Being the perfect child :-), I simply thought that her statement was a gross exaggeration. Raising my own child and having a greater variety of jobs than my mother ever did, I can say that my mom's original comment...
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Few books actually break new ground, but this book is one of them. By adopting a Romanian orphan and then having a biological child, Morse came to realize that one of the key concepts of economics, upon which the discipline is based, is defective. "Economic man," egotistical and preference-maximizing, seemed remarkably like her Romanian son, neglected in a primitive orphanage and now unable to bond normally with his loving...
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Dr. Morse is a trained economist with high academic credentials under her belt (taught 15 years at Yale). This book decribes her personal journey from believing that every person should only as their personal self interst dictates to believing that the family must be based on self-giving love. And, that only through self-giving love is an adult really fulfilled.Speaking with the passion of a convert and the precision of a...
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