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Market Economy

Capitalism's Central Contradiction: The Past Devours the Future

Nathan Gardels | Posted 05.26.2014 | World
Nathan Gardels

Rarely does a book come along, like Karl Marx's Das Kapital in its own way and time, that completely alters the paradigm through which we frame our worldview. Thomas Pikkety's magisterial study of the structure of capitalism since the 18th century, Capital in the 21st Century, is such a book. In this important way, he is the Marx of our new age of inequality, albeit absent the historically misguided prescription of communism.

Rediscovering Religious Values In The Market Economy

Chief Rabbi Lord Sacks | Posted 02.11.2012 | Religion
Chief Rabbi Lord Sacks

The time has come for us to recover the Judeo-Christian ethic of human dignity in the image of God. Humanity was not created to serve markets. Markets were created to serve humankind.

God and The Marketplace

Matt J. Rossano | Posted 05.25.2011 | Religion
Matt J. Rossano

How did "market norms" of trust and fairness come to rule our everyday lives? Some recent studies have demonstrated the critical role God may have played in this evolutionary transition.

Market's Hand, God's Embrace

Sheldon C. Good | Posted 05.25.2011 | Religion
Sheldon C. Good

As profits and people are increasingly disconnected, does our hope lie in the market or with God? Or have the two become one, turning the market into the Market?

It's the Dollar, Stupid

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

Behind the currency debate lies a somber reality. Most of China's exports are the result of the relocation of production outside of the U.S. -- it is American corporations that fuel the balance of payment deficit.

The Tea Party Idea of Freedom Is Anything But

Jesse Larner | Posted 05.25.2011 | Politics
Jesse Larner

"Freedom" means maximizing freedom, the possibility of controlling our own lives, for all. This may sometimes require restricting the freedom of the powerful to control others.

Houdini Does His Wall Street Thing

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Last Friday was the second time in the past eight days in which investors managed to escape a nightmare. The market shrugged off ill tidings of a disappointing July jobs report: the nightmare never came.