Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals
The main point is simply that if the gains to the future are significant and ongoing, those gains should eventually outweigh one-time costs by a significant degree, and they will likely carry along other plural values as well.
Tyler Cowen • Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals
even if we accept the “flatline” empirical result on happiness and wealth, these self-reported happiness questionnaires are given to individuals in normal life circumstances. The answers will not pick up the ability of wealthier economies to postpone or mitigate extreme tragedies. For instance, happiness measures cannot pick up the benefits of grea
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e/o growth makes us happier
Third, we should be very cautious in our attitudes about specific policies. Even if we succeed in taking true aim at what we think are the best courses of action, the chance that we are right on the specifics—even if the chance is as high as possible—is still not very high. It’s like trying to guess at the origin of the universe. The best you can d
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We need to develop a tougher, more dedicated, and indeed a more stubborn attachment to prosperity and freedom. When you see what this means in practice, you may wince at some of the implications, and you may be put off by the moral absolutism it will require. Yet these goals—strictly rather than loosely pursued—are of historic importance for our ci
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The warning regarding the proposals.
The economic growth of the wealthier countries benefits the very poor as well, though sometimes with considerable lags. The distribution of wealth changes over time, and not all growth trickles down, but as an overall historical average, the bottom quintile of an economy shares in growth.10 You can see this by comparing the bottom quintile in, say,
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So, 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.
Tyler Cowen • Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals
Expressed differently, when it comes to non-tradable and storable assets, markets do not reflect the preferences of currently unborn individuals. The branch of economics known as welfare economics holds up perfect markets as a normative ideal, yet future generations cannot contract in today’s markets. If we were to imagine future generations engagi
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Aggregation Aggregation refers to how we resolve disagreements and how we decide that the wishes of one individual should take precedence over the wishes of another.
Tyler Cowen • Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals
We should be skeptical of ideologues who claim to know all of the relevant paths to making ours a better world. How can we be sure that a favored ideology will in fact bring about good consequences? Given the radical uncertainty of the more distant future, we can’t know how to achieve preferred goals with any kind of certainty over longer time hori
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As a general rule, we should not pat ourselves on the back and feel that we are on the correct side of an issue. We should choose the course that is most likely to be correct, keeping in mind that at the end of the day we are still more likely to be wrong than right. Our particular views, in politics and elsewhere, should be no more certain than ou
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