John Cornwell introduces many central ideas of moral philosopher Alasdair MacIntyre (whose work I haven’t read), including on economics. Thought-provoking ideas for sure, though some of them will raise eyebrows:
MacIntyre’s key moral and political idea is that to be human is to be an Aristotelian goal-driven, social animal. Being good, according to Aristotle, consists in a creature (whether plant, animal, or human) acting according to its nature—its telos, or purpose. The telos for human beings is to generate a communal life with others; and the good society is composed of many independent, self-reliant groups….
In philosophy he attacks consequentialism, the view that what matters about an action is its consequences, which is usually coupled with utilitarianism’s “greatest happiness” principle. He also rejects Kantianism—the identification of universal ethical maxims based on reason and applied to circumstances top down. MacIntyre’s critique routinely cites the contradictory moral principles adopted by the allies in the second world war. Britain invoked a Kantian reason for declaring war on Germany: that Hitler could not be allowed to invade his neighbours. But the bombing of Dresden (which for a Kantian involved the treatment of people as a means to an end, something that should never be countenanced) was justified under consequentialist or utilitarian arguments: to bring the war to a swift end….
[The] rift between economics and ethics, says MacIntyre, stems from the failure of our culture “to think coherently about money.” Instead, we should think like Aristotle and Aquinas, who saw the value of money “to be no more, no less than the value of the goods which can be exchanged, so there’s no reason for anyone to want money other than for the goods they buy.” Money affords more choices and choice is good. But when they are imposed by others whose interest is in getting us to spend, then money becomes the sole measure of human flourishing. “Goods are to be made and supplied, insofar as they can be turned into money… ultimately, money becomes the measure of all things, including itself.” Money can now be made “from the exchange of money for money… and trading in derivatives and in derivatives of derivatives.” And so those who work in the financial sector have become dislocated from the uses of money in everyday life.

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