Poisoning the Well, or How Economic Theory Damages Moral Imagination
by Julie Nelson, October 2012
Markets are human inventions. Today’s neoliberal economic dogma creates myths that strengthen the most powerful, most greedy, and most short-term economic actors while the normal ethical consciousness and the normal longings of people for a flourishing, just, and sustainable society are undermined.
Structures must be changed so ethical conduct is possible. Different incentives are needed. Universities are taking the same path as businesses. Ms. Nelson’s 18-page “Poisoning the Well” was published in October 2012.
Julie Nelson is Professor and Chair of the Department of Economics at the University of Massachusetts Boston. The interview “Markets are Human Inventions” was published on 4/7/2016.