Monday, April 27, 2009

A crisis of morals, not just of finance

Richard Bastien

The meltdown in the world economy calls into question the idea that economics and ethics belong in two different pigeonholes.

What I propose to show is that the current economic and financial crisis results not only from faulty policies, but more importantly, from serious moral deficiencies. I will also argue that attempts to counter the crisis should, in addition to tackling major policy issues, call into question the widespread notion that economics and ethics belong to entirely separate worlds.

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