Word: morally
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...self-proclaimed disciples have given us a terribly incomplete picture of what he believed. The man himself used the phrase invisible hand only three times: once in the famous passage from The Wealth of Nations that everybody cites; once in his other big book, The Theory of Moral Sentiments; and once in a posthumously published history of astronomy (in which he was talking about "the invisible hand of Jupiter" - the god, not the planet). For Smith, the invisible hand was but one of an array of interesting social and economic forces worth thinking about. (See the 100 best books...
Hardly anything else in Smith's work is nearly that simple or consistent. Consider The Theory of Moral Sentiments, his long-neglected other masterpiece, published 17 years before The Wealth of Nations, in 1759. I recently cracked open a new 250th-anniversary edition, complete with a lucid introduction by economist Amartya Sen, in hopes that it would make clearer how we ought to organize our economy. (See a special report on important economists...
...channel also provides access to Michael Sandel's collaboration with PBS, the 12 episode version of his massively popular course, Moral Reasoning 22: Justice. And it's free...
...sexuality and pornography, explicit literature has grown increasingly accepted in research library collections. In fact, Hazen said, the difficult question is more frequently where to store material, not whether to accept it in the first place. Pornography is typically housed in closed circulation areas—not for moral concerns, but because, in Hazen’s experience, “it disappears almost as fast as you put it on the shelf.” When the books and magazines themselves aren’t stolen, explicit images are often razor-bladed out of them. But even restricted material...
Levitt’s speech elicited diverse reactions from the audience. Diego Ibarra, a Ph.D. student at the Graduate School of Design, said he thought Levitt’s solutions for climate change presented moral problems because, he said, they would increase carbon emissions, which are the root cause of climate change...