To act morally means to take actions which benefit other people. When Adam Smith’s invisible hand is working properly markets will:
(1) Transfer resources to people who excel at helping others,
(2) provide useful information (mainly prices) to people who wish to benefit others, and
(3) create incentives for people to learn how to help others.
To act morally means to take actions which benefit other people. When Adam Smith’s invisible hand is working properly markets will:
(1) Transfer resources to people who excel at helping others, (2) provide useful information (mainly prices) to people who wish to benefit others, and (3) create incentives for people to learn how to help others.
To act morally implies taking actions which benefit other people under certain value systems.