Map of Valwig on Tolerant societies based on the understanding that people have different goals in life and different moral priorities may be truer to the actual condition of the modern cosmopolitan world. Such pluralistic societies allow individuals the freedom to work out their own solutions, which may be the best we can hope for. Moral issues conflated with questions about how the world works. Public debates over economic issues, especially concerning government policy, often find arguments over ethical values entangled with questions about how the world works. This can make such debates bitter when they come to be perceived as matters of good versus evil. It can also result in bad public policy if moral indignation overwhelms economic understanding. A key point made by Smith, one that remains central to economists’ understanding of the world, is that individual pursuit of self-interest can produce a desirable social outcome. Map of Valwig 2016.
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