As Jeff Madrick makes clear, the single-minded pursuit of huge personal wealth has been on the rise in the United States since the 1970s, led by a few individuals who argue that self-interest guides society more effectively than community concerns. In telling the stories of these politicians,...

Financial institutions and markets occupy a key place in the economic and social well-being of individuals, companies and societies but, if they are not managed adequately, this can have important consequences, also in ethical terms. This work is a simple and brief explanation of the ethical...

This paper illustrates why the European Central Bank has obligations that go far beyond economic and financial market-related responsibilities. As a European institution, it is committed to a core set of values, especially with regard to the preservation of human rights. These obligations are...

In an earlier paper (Blinder and Morgan, 2005), we created an experimental apparatus in which Princeton University students acted as ersatz central bankers, making monetary policy decisions both as individuals and in groups. In this study, we manipulate the size and leadership structure of...