Saturday, February 20, 2010

Free (Feb. 19)

Economists might have you believe that there is no such thing as a free lunch. To a certain extent they are absolutely correct in that someone, somewhere along the way in the process pays for the cost of the good or service provided. However, does free in terms of cost really apply beyond the individual? You would have to believe that indeed does, however the cost of something for someone else is not something that the individual processes. The only thing the individual processes is the cost to that particular individual. No perhaps the individual has a conscious and would rather not take the free offer because of the reality that it is costing something to another individual. The reality though is that to that individual it is still free. By saying that there is no such thing as a free lunch is to assume that it is necessary for individuals to think with morals. So, by the principle of free, economists intend to impart so universal notion of moral truth.

No comments:

Post a Comment