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When the word 'morality' comes up in connection with economics, income distribution and financial stability are usually the issues. Is it moral for rich countries to use such a high proportion of the world's resources or for investment bankers to earn large bonuses?
Edmund Phelps
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"When the word 'morality' comes up in connection with economics, income distribution and financial stability are usually the issues. Is it moral for rich countries to use such a high proportion of the world's resources or for investment bankers to earn large bonuses?"
— Edmund Phelps #moneywealth

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When the word 'morality' comes up in connection with economics, income distribution and financ…

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When the word 'morality' comes up in connection with economics, income distribution and financial stability are usually the issues. Is it moral for rich countries to use such a high proportion of the world's resources or for investment bankers to earn large bonuses? — Edmund Phelps

About Edmund Phelps

Edmund Phelps was a Economist from United States (1933–present).

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Frequently Asked Questions

Who said "When the word 'morality' comes up in connection with economics, income distribu…"?
This quote is attributed to Edmund Phelps, a Economist from United States.
When did Edmund Phelps live?
Edmund Phelps lived from 1933 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.