Up or Out?

Up or Out?



I find David Warsh an insightful observer/critic of our profession. To the extent that what Vernon Smith calls an ideology of honesty prevails, the system of natural liberty seems to lead to higher order emergent and evolutionary outcomes. To the extent that this ideology is lacking or corrupted, liberty has a difficult time flouishing. This is the argument that Smith makes in The Theory of Moral Sentiments.

Warsh's post directs our attention to the topic of honesty within our profession.