~ Sheldon Richman, "James Buchanan's Subjectivist Economics," Future of Freedom Foundation, April 1, 2013
Aug 27, 2023
Sheldon Richman on utilitarianism vs. social cooperation
Putting social cooperation at the center of the [economics] discipline… is highly significant. If the economic problem to be solved is seen as one of allocating resources among competing uses, attention may easily move to central decision-making, with bureaucracies filled with economists and computers. The social calculus of utilitarianism becomes prominent. But if the spotlight is on cooperation among individual persons, one’s orientation is different. Central decision-making is quickly seen as interference with cooperation among free individuals.
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