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summary: ATTACH AI AND PLAGIARISM REPORT Read the article Economists Dissect the Yuck Factor published in the New York Times. (Attached) A link is provided below and a PDF version is available on Canvas. This article asks why people oppose some economic transactions but not others. For example why are you allowed to kill a horse to make pet food but not to feed a person? The article makes you examine your own assumptions about markets and their morality. Write a 500 to 800 word essay responding to this article. In your essay be sure to address the following three questions:
Date Posted: 27/01/2025
Category: General
Due Date: 27/01/2025
Willing to Pay: $ 10.00
Instruction: In the article psychologist Nick Bloom calls economists evil because they believe that "everything is subject to market pricing unless proven otherwise." Do you agree with Nick Bloom? It is true that most economists believe that competitive market pricing is a good way to allocate resources. Why do economists believe that? Do you think the burden of proof should be on someone who wants to allow a transaction or on someone who wants to prohibit a transaction? Burden of proof: Burden of proof refers to who needs to prove their case and if they fail to prove it we default to the other view. So if the burden of proof is on someone who wants to allow a transaction then all market transactions are prohibited unless they can be proven to be morally permissible. If the burden of proof is on someone who wants to prohibit a transaction then all market transactions are allowed unless they can be proven to be morally impermissible.

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