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It has many theoretical virtues.
A century later, while the heirs of Adam Smith were expounding the theoretical virtues of free trade, Britain retained some of the highest import tariffs in the world: more than fifty per cent on many manufactured goods.
In a book called "Progress and Poverty", published in 1879, George argued that land-value levies should replace all other taxation, leaving labour and capital to flourish freely, and thus ending unemployment, poverty, inflation and inequality.His modern adherents rarely go that far, but land-value taxation (they prefer to call it a location fee) does have many theoretical virtues.
Mr Drum writes:Matt [Yglesias] is right that one of the theoretical virtues of NGDP targeting is that it combines both employment and inflation into a single metric, which would make this question moot for policymakers, but it unquestionably does imply that during recessions the Fed would tolerate higher inflation.
According to the Peripatetics, the happy life is one in which one exercises one's moral and theoretical virtues.
Here it is common to appeal to the so-called theoretical virtues, such as simplicity, fecundity, beauty and the like.
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There is no denying the theoretical virtue of a missile shield, considering the threat that North Korea or some other rogue nation may eventually present to the United States mainland.
They also have turned in force to the views of Karl Popper, who explained the theoretical virtue of simplicity in terms of falsifiability: all genuine scientific theories are falsifiable, and the simpler a theory is (other things equal), the more readily it can be falsified.
Instead, let us introduce another theoretical virtue: fit.
This amounts to having and exercising theoretical virtue alone, which pertains to the intellect (Non posse suaviter vivi 1092E).
12. Nolan [1999] is a detailed examination of an analogous issue, concerning whether Quine's notion of 'fertility' is a theoretical virtue in its own right.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com