Here, Nobel Prize-winning economist James Buchanan argues that ethical or moral constraints on human behaviour exert important economic effects. He suggests that Adam Smith's distinction between productive and nonproductive labour may indeed have some economic relevence.
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Here, Nobel Prize-winning economist James Buchanan argues that ethical or moral constraints on human behaviour exert important economic effects. He suggests that Adam Smith's distinction between productive and nonproductive labour may indeed have some economic relevence.
Read Less
