PHL295H1 Lecture Notes - Lecture 10: Collaborative Consumption, Blablacar, Pareto Efficiency
Document Summary
1) ethical theories help you to make decisions that are coherent with your own values: guide our decisions and that our values are applied to the world we live in. 2) ethical theories help you to discuss with people who have different values: the board of trustees / members vote on general assemblies etc. 3) ethical theories help to build compromises in politics: accept that people have different ideas and backgrounds and we need to compromise with each other in order to achieve the best benefits. General idea: the sharing economy is possible thanks to increased information (technology is very important) New technology = computers, internet, social media etc. Reduce information imperfections :: increased info leads to new markets and new interactions. Markets were more efficient than centrally planned economies. New tools (technology) can help states solve problems associated with centralized economy.
