Answer to Question #144195 in Political Science for Sandra Morrison

Question

1. In later Star Trek series, the Ferengi, an extraterrestrial trading race, are noted for their philosophical axioms known as the “Ferengi Rules of Acquisition.” Among these rules are the following:
#27: There’s nothing more dangerous than an honest businessman.
#188: Not even dishonesty can tarnish the shine of profit.
#239: Never be afraid to mislabel a product.
(a) Discuss how Aquinas and Locke would react to these rules.
(b) How would at least two other authors address the implicit emphasis on information in these three rules in a market economy?
(c) To what extent should ‘individual virtue’ or ‘institutional rules’ be relied upon to ensure fair market transactions?

Answer 1

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