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Michael Munger on Desires, Morality, and Self-Interest

EconTalk

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Legislation vs. Law: Navigating Societal Norms

This chapter explores the differences between legislation and broader legal concepts through a university analogy, examining how societal norms are shaped by individual choices. It also contrasts the views of Hayek and Buchanan on the relationship between formal laws and unwritten societal rules, addressing the challenges of aligning legislation with moral and cultural values.

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