Moral Basis of Economic Theory
Q.1 From a practical standpoint, can economic theory ever achieve complete social justice or must there always be winners and losers? Q.2. According to Hosmer (2011), economic efficiency basically means spreading the wealth by keeping everyone informed s o that everyone has equal chance for economic opportunity, etc. Please refer to the Goldman Sachs case pages 40 and 41 and discuss: What motivations might have been at the root of why Goldman Sachs chose to disclose its analytical expectations to only some of its clients? What did they have to lose by disclosing the analytical information to all of their clients? Q.3. Please read case on British Petroleum pages 49 - 53. Keeping in mind: “Moral Basis of Economic Theory”, “Moral Claims of Economic Theory”, and the “Pragmatic Objections to Economic Theory” discussed in chapter 2, please reflect on the various impacts (benefits and harms) that resulted from this case specific...