Greed

Defining greed is an indulgence of its own

Complicated times provoke simple answers. As the global financial crisis keeps unfolding, the no less global intellectual elite has readily identified the culprit. Political and religious leaders, artists and even some economists are convinced greed is to blame for our economic problems. A combined Google search for "global financial crisis" and "greed" delivers no fewer than 87,900 results. But is greed really the culprit or just a convenient scapegoat? And is greed an economic category at all? [...]