How intuitive morality has challenged the rationalists

By Comment by Ross Gittins, Smh
Updated December 22 2015 - 3:32pm, first published October 3 2012 - 11:30am
How intuitive morality has challenged the rationalists
How intuitive morality has challenged the rationalists

Paul Keating still quotes his early mentor, Jack Lang: ''In the race of life, always back self-interest - at least you know it's trying''. This may be why, as treasurer, Keating so readily embraced economic rationalism. The economists' working model assumes the self-interest of the individual is the sole force that makes the world turn.

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