“The moral foundation of political economy,” to use Lord Acton’s phrase, rests on the connection of liberty with right, of right with duty, of duty with leisure and delight, and of all with transcendence.
Our most unsettling economic problems are actually not economic but moral—moral ones that cannot be simply passed on from generation to generation. They need to be chosen and internalized by each person in each generation at the risk of deflecting material goods from their proper purposes.
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