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The Spectacle Blog
The Nobel-winning Columbia economist Edmund Phelps has a provoking essay in the October issue of First Things. Phelps notes that the arguments over morality in capitalism vs. socialism tend to focus on growth vs. distribution and inequality. But Phelps identifies another factor, often ignored: the human need for sel-expression and innovation that is only met in capitalism. Read it here.
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More Blog Posts by Joseph Lawler
http://spectator.org/blog/2009/09/23/edmund-phelps-on-capitalism
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Alan Brooks| 9.23.09 @ 10:24PM
No,
there is virtue in any 'system'. You can sell baby food and diapers, or dope and porn.
Ken (Old Texican)| 9.24.09 @ 10:49AM
Alan You are simply and horribly mistaken, SIR!
ANY top down system is simply tyranny!
Economic
Political
Personal freedom/responsibility
Life and death
...unless you LIKE being a peasant.