The Morality of Money

In reacting to the Enron scandal, many cultural commentators have been quick to recur to a favorite theme: the corrupting power of commerce.
Here is a typical example, from the "Letters Column" of the New York Times: "Enron's collapse was a product of the culture of greed, dishonesty, ethical blindness and wishful thinking that has characterized much of corporate America since the advent of the Reagan administration" (John S. Koppel, January 22, 2002). In this view, Enron is simply the representative of corrupt, "free market" capitalism. …