Source: Law & Liberty
by Paul Mueller
“Postliberals as a group have made no secret of the fact that they view mainstream economics as inhumane with its focus on consumption and GDP growth. Sometimes their arguments are questionable, but it’s true that modern economics has a way of embracing a flat, utilitarian view of the world, sometimes pushing that view into realms where it doesn’t belong. But should economists incorporate concerns about virtue, ethics, and happiness into their economic theory? Yes, but this question is more difficult than it appears. The issue is not whether ethics matter, but whether ethics should shape economic models themselves or merely how those models are applied.” (09/17/26)