Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals
Tyler Cowenamazon.com
Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals
I call the second principle the Principle of Growth Plus Rights: The Principle of Growth Plus Rights: Inviolable human rights, where applicable, should constrain the quest for higher economic growth.
In economics, there is at least one (hypothetical) example of a free lunch. Economist Frank Knight wrote of the Crusonia plant, a mythical, automatically growing crop which generates more output each period. If you lay the seeds, the plant just grows; you don’t have to water it or tend to it. Imagine, for example, an apple tree that yields several
... See moreThe Crusonia plant is used as an example liberally throught this book.
More broadly, the principle of Wealth Plus holds that we should maintain higher growth over time, and not just for a single year or for some other, shorter period of time. Maximizing the sustainable rate of economic growth does not mean pursuing immediate growth at the expense of all other values. Policies that prioritize growth at breakneck speed
... See moreHow can we believe in rights? The notion of intrinsic human rights comes up often in philosophic discussion, and it exercises considerable sway in the world more broadly, including in international law. But within philosophical circles, the foundations upon which the concept of rights rest are often viewed as shaky. Even when a notion of intrinsic
... See moreIt is the work of capital, labor, and natural resources, driven by the creative individual mind, which undergird the achievements of our civilization. Whether or not you agree with all of Rand’s political views, she is correct in her stance that we must not take the existence of wealth for granted.
End of chapter 1.
Rules The notion that rules and general principles can govern our choices and also our politics is a compelling one. But what does it mean to adhere to such rules and principles? We’d like to think that rules have independent power and intrinsic force, but that view is difficult to defend under fire. After all, virtually all rules have exceptions.
... See moreSo, in a social setting, what might count as analogous to a Crusonia plant? Look for social processes which are ongoing, self-sustaining, and which create rising value over time. The natural candidate for such a process is economic growth, or some modified version of that concept.
Second, there is plenty of room for our morality, including our political morality, to be strict and based in the notion of rules and rights. We should subject ourselves to the constraint of respecting human rights, noting that only semi-absolute human rights will be strong enough to place any constraint on pursuing the benefits of a higher rate of
... See moreMartin Luther King Jr. brought much good to the world with respect to both justice and long-term economic growth. It would be fair to say that King did the right thing in choosing to pursue higher ideals rather than playing golf all day, even though he lost his life in doing so. The same can be said of Gandhi. Nonetheless, such obligations to sacri
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