Economics Quote by Roger Scruton
““modern economies have developed ways of avoiding costs or passing them on that effectively remove the sanctions from dishonest or manipulative behaviour. The””
About This Quote
Source Book: The Politics of Culture, 1995
Modern economies create mechanisms that shift or hide costs, reducing penalties for unethical actions.
In simple terms: Systems let wrongdoers avoid punishment.
Key Takeaway
Recognize and address hidden cost structures.
Themes
economics
ethics
policy
accountability
Mood
critical
analytical
Type
political
philosophical
When to use this quote
- corporate governance
- environmental policy
- taxation
- financial regulation
Key Concepts
externalities
moral hazard
regulation
Questions to Reflect On
- How do hidden costs affect fairness?
- What policies can expose hidden penalties?
A Different Perspective
These mechanisms can be hard to detect and may create new incentives for manipulation.
