The Great Tradeoff

Confronting Moral Conflicts in the Era of Globalization

Author: Weisman, Steven
Publisher: Peterson Institute for International Economics
ISBN: 9780881326963
eISBN Pdf: 9780881326963
Place of publication: United States
Year of digital publication: 2016
Month: January
Language: English

Caption

The global financial and economic crisis that began in 2008 has blasted livelihoods, inspired protests, and toppled governments. It has also highlighted the profound moral concerns long surrounding globalization. Did materialist excess, doctrinaire embrace of free trade and capital flows, and indifference to economic injustice contribute to the disaster of the last decade? Was it ethical to bail out banks and governments while innocent people suffered?

In this blend of economics, moral philosophy, history, and politics, Steven R. Weisman argues that the concepts of liberty, justice, virtue, and loyalty help to explain the passionate disagreements spawned by a globally integrated economy.