- Cafe Hayek - http://cafehayek.com -

Quotation of the Day…

Posted By Don Boudreaux On January 2, 2012 @ 9:34 am In Economics,Myths and Fallacies,Seen and Unseen | Comments Disabled

… is from one of Steve Landsburg’s Dec. 24th replies – in a comments section at Steve’s blog [1] – to Yoram Bauman’s argument that studying economics makes people more selfiish:

[A] lot of what we teach in economics has to do with seeing all the consequences of your actions, and evaluating their desirability on the basis of all those consequences. I’ve argued elsewhere that when we teach cost-benefit analysis, what we’re really doing is teaching compassion — that is, we’re teaching our students to stop and consider *all* the people who are affected by a given action or policy before deciding whether to support it.

Be Sociable, Share!
  • [2]
  • [3]
  • [4]
  • [5]
  • [6]

Comments

comments


Article printed from Cafe Hayek: http://cafehayek.com

URL to article: http://cafehayek.com/2012/01/quotation-of-the-day-165.html

URLs in this post:

[1] in a comments section at Steve’s blog: http://www.thebigquestions.com/2011/12/19/alas-poor-yoram/

[2]

  • : http://twitter.com/intent/tweet?text=Quotation%20of%20the%20Day...%20-%20http%3A%2F%2Fcafehayek.com%2F2012%2F01%2Fquotation-of-the-day-165.html%20

    [3]

  • : https://mail.google.com/mail/?view=cm&fs=1&to&su=Quotation%20of%20the%20Day...&body=http%3A%2F%2Fcafehayek.com%2F2012%2F01%2Fquotation-of-the-day-165.html&ui=2&tf=1&shva=1

    [4]

  • : http://www.stumbleupon.com/submit?url=http%3A%2F%2Fcafehayek.com%2F2012%2F01%2Fquotation-of-the-day-165.html&title=Quotation%20of%20the%20Day...

    [5]

  • : http://www.google.com/reader/link?url=http%3A%2F%2Fcafehayek.com%2F2012%2F01%2Fquotation-of-the-day-165.html&title=Quotation%20of%20the%20Day...&srcURL=http%3A%2F%2Fcafehayek.com%2F2012%2F01%2Fquotation-of-the-day-165.html&srcTitle=Cafe+Hayek+where+orders+emerge

    [6] Image: http://www.blinklist.com/index.php?Action=Blink/addblink.php&Url=http%3A%2F%2Fcafehayek.com%2F2012%2F01%2Fquotation-of-the-day-165.html&Title=Quotation%20of%20the%20Day...

    [7]

  • : http://www.myspace.com/Modules/PostTo/Pages/?u=http%3A%2F%2Fcafehayek.com%2F2012%2F01%2Fquotation-of-the-day-165.html&t=Quotation%20of%20the%20Day...

    [8]

  • : http://reddit.com/submit?url=http%3A%2F%2Fcafehayek.com%2F2012%2F01%2Fquotation-of-the-day-165.html&title=Quotation%20of%20the%20Day...

    [9]

  • : http://news.ycombinator.com/submitlink?u=http%3A%2F%2Fcafehayek.com%2F2012%2F01%2Fquotation-of-the-day-165.html&t=Quotation%20of%20the%20Day...

    [10]

  • : http://sphinn.com/index.php?c=post&m=submit&link=http%3A%2F%2Fcafehayek.com%2F2012%2F01%2Fquotation-of-the-day-165.html

    [11] Tweet: https://twitter.com/share

  • Copyright © 2011 CafeHayek.com. All rights reserved.