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By Andrea H. Beller and John W. Graham. New Haven: Yale University Press, 1993. Pp. 338. American children are mired in poverty. Child poverty has risen dramatically since the late [...]

The 1991 National Commission on Children study 'Beyond Rhetoric' has determined that child poverty in the US is at its highest level since 1965. The Commission has proposed a policy wherein a tax credit of $1,000 per child would be allowed to lighten tax burden of poor parents.

In 'Economic Possibilities for Our Grandchildren' Keynes defined the economic problem as the 'struggle for subsistence' (1972, p. 326). Its solution required providing the entire population with enough income to [...]

The U.S. Savings Challenge: Policy Options for Productivity and Growth. Edited by CHARLS E. WALKER, MARK A. BLOOMFIELD and MARGO THORNING, Boulder: Westview Press, 1990. A simple macroeconomic identity holds [...]

By James Angresano, Cheltenham, UK and Lyme, US: Edward Elgar 1997, 197 pp. $80.00. 1998 marks the centeniary of the birth of Gunnar Myrdal, one of the more important and [...]

Reviewed by: Steven Pressman, Monmouth University After a 20 year hiatus Keynesian economics is slowly coming back into vogue. Yet even when out of vogue, introductory macroeconomics courses remained Keynesian [...]

Tax reform is once again front page news. To some degree this stems from the fact that top marginal tax rates have risen slowly over the past decade. Another factor [...]

Byline: Gwendolyn Yvonne Alexis, Steven Pressman The global financial crisis brought down some of the world's largest and most well-established financial institutions. In an area of business activity where tradition and trust are said to count for much, astonishing levels of open criminality, venality, and willingness to exploit weak regulatory structures were brought to light by the financial crisis. This paper is a paraenetic comment on that crisis. It is an exhortation to better business practices, a recognition that the crisis was brought about because the old sanctions of shame and regulation failed to deter unethical behaviour. The paper reviews some of the reasons for this and introduces the idea of corporate moral obligation (CMO) as an alternative ethic. We suggest that CMO better captures a universal commitment to unwavering values than does the more utilitarian approach of weighing the interests of various stakeholders, many of whom lack the power to secure what is their rightful due. In commending CMO, we do not aim to anticipate every objection but rather to encourage consideration of one possible way of overcoming the ethical lag exposed by the global credit crisis.