game theory
game theory

Classical Liberals are right: Ethics of Cooperation Confirmed

Liberals (in the classical sense) emphasize the value of international division of labour as well as its elemental development. It is regarded as an emerging phenomenon and a natural consequence of mankind’s timeless pursuit to improve the world. Liberals differentiate between personal relations, based on personal dealings which go along with rules of justice for small groups, on the one hand side, and anonymous relations, as regards markets and the res publica in the political …