Nicholas Geiser

Nick Geiser is an intern at the Competitive Enterprise Institute in Washington, DC working for the Center for Advancing Capitalism. He graduated in May with a B.A. in Philosophy from Yale University and plans to study political science in graduate school.

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The Morality of Market Behavior

OCTOBER 03, 2013 by NICHOLAS GEISER

Defenders of markets should recognize that there is a real and inevitable tension between our small group or intimate life and our lives as members of an extended but impersonal social order. This tension, in fact, provides a powerful explanation of where objections to markets arise–a misapplication of norms from small group life to extended society.

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December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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