Economic thinking's tradeoffs in morality and markets

¶ … economic way of thinking always consists of winners and losers. Something is gained and something must be lost in an economic transaction. Economic thinking is important when modeling and creating objective thoughts, but may hamper more creative and artistic methods of thinking.

Morality is a very subjective topic and one set of morals do not apply to everyone. Unfortunately in this case, Zwolinski's defense of sweatshops is a very limited view of the world and humanity itself. His narrow minded approach to civilization suggests that he does like himself or the world at large very much, and is obsessed with monetary gain.

I disagree with Boudreaux's take on unintended consequences because the viewpoint of intention is taken from a supply side of economic theory. The minimum wage increase will most likely have surprise consequences, which is a better choice of words to describe this occurance.

Question 4.

Friedman's assessment on language and the importance of understanding key terms within certain arguments is accurate in my opinion. Market failures are dependent upon market successes and it's the evaluator's choice on how to view the issue. Markets fail every time someone is dissatisfied with a product., but at the same time it succeeds because new options become available to the consumer.

Question 5.

Powell is generally correct when describing the political landscape of the current environment of today. Powell assumes that politicians act in accordance with law and order which is not always the case however and the system is much more broke than he assumes. A truly free market will be impossible to maintain without regulation so it is a very difficult task to overcome.

Question 6.

To overcome the slippery argument that Saleci presents is to suggest that her view that choice is a paradox is merely a choice in itself. This is circular logic that appears to dehumanize our freedom and minimalize our existence. The atomization of the responsible self is unimaginative and restrictive, I'll choose something else to listen to if I have a choice.

Question 7

Work itself is exploitative in nature. Only when a person can work for himself or herself can exploitation be limited to being self-imposed. Labor and work do not belong to anyone, they are mere expressions of idea, to claim them as a tangible thing is confusing and appears to have a disingenuous motive.

Question 9

Advertising is the worst thing in the world according to my standards of judgment. Marketing is deceptive in nature and wasteful in result. While the American economy is completely mired in overconsumption as a way of life, advertising provides the necessary mental conditioning to accept this tragic flaw .

Question 10

Healing should not be viewed as a profitable practice. Medicines and treatments should be treated as non-commercial objects and unregulated as such. Pharmaceutical companies patents is a deplorable practice that suggests that human life is measured in dollars. The monopoly on health care that these companies enjoys contributes to the problem exponentially.