<< February 2, 2009 >>
moral-market economics
the news hour on friday was great; they had shields and brooks come on after each segment, which wasn't something i'd see them do before. one thing that caught my ear was this bit by david brooks:
First of all, you need social pressure. Capitalism is a great system, but you can't have amoral capitalism. Capitalist institutions have to be surrounded by social understandings, by a set of norms that we all adhere to or that are enforced by shame.
it is almost as if he had just reread jane jacobs' systems of survival. i've really been meaning to go back and read everything but her first book, as many of them deal with exactly the economic situation the world has found itself in lately. sadly, only two of her books are out on kindle.
