INSEAD Library

Includes bibliographical references and index

Digitized

Are the Rich Necessary? Great Economic Arguments and How They Reflect Our Personal Values Contents Part One The Central Economic Problem 1: Why Are We Still So Poor? ................................ 3 2: The Appeal of Science......................................... 5 3: Economic Arguments........................................... 9 Part Two The Rich 4: Are the Rich Necessary?--No............................ 15 5: Are the Rich Necessary ?--Yes......................... 19 Part Three The Rich in a Democracy 6: Are the Rich Compatible with Democracy ? --No........................................... 31 7: Are the Rich Compatible with Democracy?--Yes.............................................33 Part Four Profit-making 8: Are Private Profits Necessary?--No ................ 43 9: Are Private Profits Necessary?--Yes ...............47 10: Are Private Profits Necessary?--No/Yes .......61 Part Five Profit-making and Depressions 11: Does the Profit System Cause Depressions? Yes/No ............................................................69 Part Six The Global Profit System 12: Does Global Free Trade Destroy Jobs? --Yes 83 13: Does Global Free Trade Destroy Jobs? --No. 89 Part Seven Glaring Inequality 14: Are There Alternatives to the Profit System?--Yes/No........................................... 101 15: Should We Accept This Degree of Inequality?--No/Yes.......................................109 Part Eight Greed 16: Does the Profit System Glorify Greed? --Yes............................................................. 113 17: Does the Profit System Glorify Greed? --Yes, and a Good Thing.............................. 129 18: Does the Profit System Glorify Greed? --No............................................................ 133 Part Nine Government 19: Can Government Protect Us from the Excesses of the Profit System?--Yes........... 143 20: Can Government Protect Us from the Excesses of the Profit System?--No.............149 Part Ten Central Banks 21: Can Central Banks Protect Us from the Excesses of the Profit System and Lead the Economy?-- Yes................................................................. 163 22: Can Central Banks Protect Us from the Excesses of the Profit System and Lead the Economy?--No............................................. 169