Ethics and Economic Progress

The Nobel Prize winning economist talks about the economic value of the work ethic and the saving ethic, and the economic origin of ethical constraints in three lectures presented in 1991 at the U. of Oklahoma. Also included are two lectures delivered at other locales on the economics and the ethics of idleness and on Adam Smith's distinction between productive and nonproductive work. The sixth inclusion is "Externality in Tax Response," previously published in 1966 in the Southern Economic Journal. Annotation copyright Book News, Inc. Portland, Or.