PHIL215 Study Guide - Final Guide: Classical Liberalism, Whistleblower, Positive Liberty
16 Oct 2011
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External goods (financial resources, good upbringing, friends, just society, good looks) Institutions of justice (government legal system, education, health care) Canadian law and the regulations of profit-seeking restricts profit-seeking from criminal enterprises: narcotics, prostitution, fraud, use of intimidation, bribery of public official, insider trading (stocks: insiders would profit off the public, fraud: making false promises, not fulfilling contract. Security speculation: conscious use of deception to inflate the price of a stock (stock skyrocket: unjust enrichment: monitor any windfall profit that look suspicious. Jacobsen economic efficiency and the quality of life . Economy should be about quality of life: reasonable affluence. To pursue further affluence costs quality of life (e. g. pollution) Trade-off between amount of time worked and income: psychologically we are satisficers not maximizers. Satisfied with a certain level of income: agree friedman"s argument. It"s not good to invest too much power in corporations that cannot be removed.
