Chapter

Leaders, Markets, and Values

A. Damodaran

in Encircling the Seamless

Published in print August 2010 | ISBN: 9780198066750
Published online October 2012 | e-ISBN: 9780199080106 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198066750.003.0009
Leaders, Markets, and Values

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This chapter analyses the role of the dominant North, the required nature of markets, and ethics in the endeavour of attaining sustainable development. Lester Brown’s optimistic approach sees the possibilities of achieving it by the creation of ‘honest markets’ and by statesmen playing a pivotal role in guiding things to the optimum. The pessimistic neo-Malthusian view stresses on the distortionary effect of markets and the unavoidable resource depletion. The solution to the impending problem, the author argues, actually lies in the hands of locally rooted leaders, nation-states themselves, along with civil societies.

Keywords: Lester Brown; leaders; markets; values; sustainable development; honest markets; taxes; nation-states; civil societies; leadership

Chapter.  3256 words. 

Subjects: Economic Development and Growth

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