Saturday, February 18, 2012

Economics of Good and Evil

Economics of Good and Evil: The Quest for Economic Meaning from Gilgamesh to Wall Street.

Another best book I am reading. Can tell from the blue dots I am about one third into the book.

The book explores the moral and philosophical foundations of our present economic system. I wouldn't be surprised that the author is critical of the pragmatic approach to Economics at the end of the book.

Sure as Keynes is fond of being quoted that in the long run we are all dead, but does it justify creating a situation where problems become too hard to solve. What is too hard to overcome will depend on the cultural and social reserves of a society. Without the balance that Raja and Toh Chin Chye could have brought to LKY excess, we are pawning our intangibles, i.e., our cultural and social reserves.

I bet when a reader is done with this book, he/she will vote against the casinos.


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