The Invention Of The Printing Press Was

If We Are Really Serious About Preventing Another Crisis Like The 2008 Meltdown We Should Simply Ban Complex Financial Instruments, Unless They Can Be Unambiguously Shown To Benefit Society In The Long Run. This Is What We Do All The Time With Other Products-drugs, Cars, Electrical Products And Many Others.

Culture Changes With Economic Development.

Since The 1980s, We Have Given The Rich A Bigger Slice Of Our Pie In The Belief That They Would Create More Wealth, Making The Pie Bigger Than Otherwise Possible In The Long Run. The Rich Got The Bigger Slice Of The Pie All Right, But They Have Actually Reduced The Pace At Which The Pie Is Growing.

Gore Vidal, The American Writer, Once Described The American Economic System As 'free Enterprise For The Poor And Socialism For The Rich'. Macroeconomic Policy On The Global Scale Is A Bit Like That. It Is Keynesianism For The Rich Countries And Monetarism For The Poor.

Self-interest, To Be Sure, Is One Of The Most Important, But We Have Many Other Motives - Honesty, Self-respect, Altruism, Love, Sympathy, Faith, Sense Of Duty, Solidarity, Loyalty, Public-spiritedness, Patriotism, And So On - That Are Sometimes Even More Important Than Self-seeking As The Driver Of Our Behaviors.