Wednesday, January 20, 2010

The Invisible Iron Heel

"The invisible hand has let go of the common good and our values. [Adam] Smith without a moral framework the market really can't function properly, and Schumpeter, Joseph Schumpeter, the Austrian economist, said, 'When there's no ethical sensibility, the market ends up devouring every other sector and finally ends up devouring itself.'"

1 comment: