Moral reasoning, when personal happiness is seriously considered below the surface of moral deliberation, becomes prudential reasoning.
This constitutes a reductio of the attempt to reconcile morality in any recognizable sense with prudential rationality.
How much must one value oneself to prevent lack of self-esteem from threatening one's prudential judgment?
It includes prudential regulation, regulation of intellectual property, accounting standards, anti-corruption regulation, and rules to crack down on money laundering.
This might be difficult to do, in light of (what we are supposing would be) obvious prudential reasons to choose the good.
By supposing that there are infinite utilities, the concepts of robustness and fragility are rendered useless as ways of distinguishing between prudential decisions.
Unless one denies that any such prudential decision is ever prudentially sound, there is no good reason to deny it of a finite wager.
Prudential regulation assures a gradual reduction of the financial system's risk, but not rising expected returns, especially for longterm assets.
