Jeffrey V. Butler

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    Values we learn from our parents influence our trust in others with money and business

Values we learn from our parents influence our trust in others with money and business

Clasped hands, by skeeze, under a CC0 licence
Daily life often entails assessing the trustworthiness of others and deciding whom to trust, a fact not lost on economists. Nobel laureate Ken Arrow (1972) famously asserted that trust is a prerequisite for most economic activity. A subsequent large and lively literature in economics documents strong relationships between nations’ general levels of trust and […]

The belief in meritocracy perpetuates inequality

Nature, nurture or neither: what accounts for the stubborn persistence of inequality even in modern economies? This question is of perennial interest both on moral grounds and on economic grounds. We should want others to fully realise their potential and their inability to do so may constrain economic growth as individuals’ unrealised income potential may become lost profits or […]