Economic Justice and the Spirit of Innovation

Phelps, Edmund
October 2009
First Things: A Monthly Journal of Religion & Public Life;Oct2009, Issue 196, p27
The article explores the author's views on economics and morality. He believes that the discussion of morality should not be limited to income distribution and stability and notes the prejudices surrounding the debate between the redistributionists of the left and the laissez-faire advocates. While both sides can claim that one is morally superior over the other, the author says that a closer definition of the relation between morality and economics cannot be achieved. He highlights the dynamism of capitalism as the true moral dimension of economics.


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