HUMAN GOODS, ECONOMIC EVILS [from ISI Books]
'The rich young man to whom Jesus speaks in Mark 10.17-31, provides a good example of the modern economic transformation. His wealth is not described, but it is safe to say that his ﬁne clothes, large house, and numerous servants would have made him rich anywhere in the world at any time up to about 1750. By today’s standards, however, he was very poor...'
The book is clever, well-researched, thought-provoking, and ambitious, It also serves to promote the wider and deeper understanding, by economists and earthlings alike, of one of the dominant forces in modern society. - Robert Cole, Times Literary Supplement
THE CREDIT CRUNCH - Making Moral Sense of the Financial Crisis [booklet from CTS]
It was supposed to be the end of history, or at least of financial history. As recently as the beginning of 2007, the economic world seemed to have settled into a happy pattern in much of the world: steady economic growth, steadily rising prices for common shares, bonds and houses and a perpetually low level of unemployment. Most poor countries were getting richer fast, especially those which had natural resources to sell at steadily rising prices. Financiers were extremely well rewarded, but it seemed they deserved their millions.After all, their magic lay behind this “great moderation”, or so they claimed. Now it all looks quite different…