Sunday, March 6, 2011

Capitalism and Morality

James R. Otteson: 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.

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