In his lecture tonight at Gresham College, Professor Kenneth Costa, chairman of Lazard International, argues that Adam Smith is much misunderstood.
In a short version of the lecture that appears in today's FT he writes that Adam Smith believed that:
the economy could not function properly without ethical foundations. He did not believe that people should act with complete disregard for each other.
The Professor asks:
Why do we seem to think otherwise? Why do we seem to have lost the grammar of ethical discourse, at least in business?
He answers his own question with a single phrase: 'short-term gains'.
Too many urban deer is ‘an impending disaster’ – still, we owe them an
apology
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Witnessing near-miss roadkill on a daily basis makes me wonder if we can be
better neighbors to wildlife
Heart racing, I hold my breath and brace to witn...
2 hours ago
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