The Great Tradeoff: Confronting Moral Conflicts in the Era of Globalization

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Peterson Institute for International Economics, Jan 7, 2016 - Political Science - 259 pages

 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.

 

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Contents

Preface
What We Talk about When We Talk about Globalization
The Conflicts of Liberty and Justice
Justice Justice Shalt Thou
Defining and Measuring Inequality
The Conflicts over Instilling Virtue
The Hazards of Moral Hazard
A Brief US History
Whos Afraid of Debt? Debt as a Public Policy Tool
The Conflicts over Loyalty
Grappling with the CommunitarianCosmopolitan Tradeoff
Jobs Communities
Who Governs? The Role of Liberal Internationalism
Notes
Bibliography
Acknowledgments

Moral Hazard

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About the author (2016)

Steven R. Weisman, vice president for publications and communications, joined the Peterson Institute in 2008. He had previously been the chief international economics correspondent of the New York Times as well as a member of its editorial board. His work has appeared in the Times Book Review, Times Magazine, and the paper's news, features, and culture sections since 1968.

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