27 November 2009

Capitalism and Morality

Nobel Laureate Edmund Phelps, the McVickar Professor of Political Economy at Columbia University, has written a fascinating short essay on the connection between justice and capitalism. He shifts the usual focus of such discussions from just or unjust distribution signatures to the aspect of human nature often overlooked: the tireless search for innovation.

I highly recommend it.

[Hat tip: Kruse Kronicle.]

1 comment:

Anonymous said...

Please check out these related references which give a very sobering assessment of the state of the world created in the image of capitalism.