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What Is Luddite Reasoning, and What Do Most Economists Find

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What is Luddite reasoning, and what do most economists find wrong with it?


Definitions:

Ethical Behavior

Acting in ways consistent with societal norms and values, including honesty, fairness, and integrity.

Affirmative Social Responsibility

A concept where businesses and organizations actively contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically-oriented practices.

Social Problems

Issues within a society that are viewed as undesirable or harmful, often requiring collective solutions.

Rationalizing

The process of justifying actions or decisions with logical reasons, even if those reasons are not the true underlying motivations.

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