Morality, the economy, and public policy - BusinessWorld Online

Morality, the economy, and public policy - BusinessWorld Online

It was correct for Benjamin Enke, the Paul Sack Associate Professor of Political Economy at Harvard University, to point out that previous discussions of political economy “were deeply intertwined with questions of morality.” He observed that both Adam Smith and Karl Marx wrote about politics and the economy with some moral considerations. If Smith maintained that the common good could be promoted by the invisible hand, Marx believed no less tha…