Thursday, March 29, 2012

Flowers in the Mirror

Mao Yushi analyzes the Chinese novel Flowers in the Mirror, by Li Ruzhen in The Paradox of Morality, with some interesting economic insights.

A few gems:

"negotiations in which both parties are seeking their personal gain can reach equilibrium, whereas if both parties are looking towards the interests of the other party, they will never reach a consensus."

"Money and prices play an important role in the development of society. No one should hope to replace emotions such as love and friendship with money. It does not follow, though, that love and friendship can replace money."

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