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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.44

-1.2%

Nov 14 4:00 PM EST

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To: banco$ who wrote (22033)	10/21/1998 3:16:00 AM
From: Alex	Read Replies (2) of 116762

Markets are capricious, and cannot function in a healthy manner without government regulation. Greed-inspired investment will eventually bring markets down. This year's Nobel Prize in economics was awarded to Amartya Sen, a Cambridge University professor who is critical of the theory that holds market principles to be supreme. He argues that ethics and morality should be the basis for economic activity. That would seem to support political economist Adam Smith's theory that the market economy can only function within a framework in which private desire is constrained by morality. yomiuri.co.jp

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