Morality is not equivalent to advocating feel-good courses of action when something bad happens. Sure, we can and should be beneficent. It is good to help fire victims. But it is a good thing in the long run to understand economics. As Jean-Baptiste Say said: A good book on economics should be the first volume of a treatise on ethics.
This is from New York University’s Associate Professor of Economics Dr. Mario Rizzo discussing Hayek and the Bangladesh fire at the ThinkMarkets Blog
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