One death and a thousand over cases of H1N1 later, is this the right thing to do? Firstly, what Cambridge economist Ha-Joon Chang has long been teaching and writing about: “The free market doesn’t exist”. Secondly, economics must accommodate moral limits, as Harvard professor Michael J. Sandel argues in his book titled Justice. To Sandel, outrage is the special kind of anger you feel when you believe that people are getting things they don’t deserve. What it lacks, at times, is the will to impose moral limits on the market.
Source: New Strait Times January 20, 2020 15:56 UTC