Article: The Moral Economy.(Review)

* The Moral Economy

By John P. Powelson

Ann Arbor: University of Michigan Press, 1998. Pp. 282. $32.50 cloth.

The life of an economist living in Seattle in the autumn of 1999 was an interesting one. The scheduled meeting of the World Trade Organization (WTO) at the end of November had galvanized anti-market groups throughout the world. In the months preceding the WTO gathering, the local media reported regularly on the plans and pronouncements of activists who would be assembling in Seattle to publicize their discontents.

It soon became apparent that for the activists, with the exception of labor union members, most of whom had a much ...

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