Michael Sandel Quotes About Today

Quotes about: Today

• Most economics that is taught in college and universities today projects itself as a value-neutral science. This claim has always been open to question, but I think it's especially in doubt today.

  Michael Sandel

  College, Thinking, Doubt

  Source: www.guernicamag.com

• Today if you look at most economic textbooks, economics is not defined by subject matter. It's presented as a science of social choice that applies not only to material goods - not only to flat-screen televisions - but to every decision we make, whether it's to get married, or to stay married, whether to have children and how to educate those children, or how to look after our health.

  Michael Sandel

  Children, Choices, Decision

  Source: www.guernicamag.com

• If you go back to Adam Smith, you find the idea that markets and market forces operate as an invisible hand. This is the traditional laissez-faire market idea. But today, when economics is increasingly defined as the science of incentive, it becomes clear that the use of incentives involves quite active intervention, either by an economist or a policy maker, in using financial inducements to motivate behavior. In fact, so much though that we now almost take for granted that incentives are central to the subject of economics.

  Michael Sandel

  Today, Financial, Invisible

  Source: www.guernicamag.com

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