Economic Decision-Making and Ethical Choice

Journal of Ayn Rand Studies 10 (1):171 - 191 (2008)
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Abstract
Some economists, notably Gary Becker, claim that economic analysis is applicable to any decision, ethical or otherwise. Ethical principles within Objectivist Ethics are based on long-range success— life being the measure of success. This paper examines these different approaches to decision-making. Decision theory and Rand's Benevolent Universe Premise form the basis for the analysis.
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