Why Economic Recovery Hinges on Values

One Response to “Why Economic Recovery Hinges on Values”

1. David Nitkin says:

   August 13, 2010 at 1:38 pm

   This commentator’s thesis isn’t merely that the current financial crisis is about values, not economics and not mismanagement at a few large financial corporations. Rather he argues that our system as a whole is predicated upon what we do or don’t value. What we prefer to produce and consume, he argues, doesn’t value either the future, the environment, people or our individual happiness. But how rather than why? What he really doesn’t address is why more and less managed economies, and both more capitalistic and more controlled, are all exhiting this malaise. Is there any economic syatem that prevents such greed, misallocatuion of capital, indifference to the pain of others, and societal divergence of wealth?