Morality and Capitalism: Economic Justice and the Spirit of Innovation

by Benjamin Domenech on 8:18 am September 29, 2009

“Is it moral for rich countries to use such a high proportion of the world’s resources or for investment bankers to earn large bonuses? And is it moral for financial markets to experiment with volatile derivatives that increase the potential for panics?” Nobel laureate Edmund Phelps answers some difficult questions in interesting ways.

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