Sublime

Cette nouvelle économie embrasse le micro-crédit (qui n’a de sens que s’il reste fidèle à sa visée originelle et n’est pas parasité par le profit bancaire), le commerce équitable qui favorise les petits producteurs de café, de cacao et autres produits d’exportation en maintenant des prix d’achat qui ne subissent pas les baisses brutales du marché,

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In their view, moral behavior maximizes the most pleasure for the most people and minimizes the most pain. That’s the core idea of utilitarianism. Other things like character or intentions and so on don’t really matter. What matters are consequences, what philosophers called consequentialism. Now, this was quite a major shift in moral thinking and

“If you’re in a market and someone’s trying to sell you something which you don’t understand,” George Akerlof told me, “you should think that they’re selling you a lemon.” Akerlof wrote a famous paper on this subject called “The Market for Lemons”78—it won him a Nobel Prize. In the paper, he demonstrated that in a market plagued by asymmetries of i