The recent financial crises were preceded by a prolonged and sharp increase in inequality. This brought to the fore the possible relationships which may exist between the distribution of income and instability. As financial crises are typified by excessive risk-taking behaviour, we will argue...

There are two elements which make Smith's ethics unique as well as more universal in nature. The first is that it is a positive theory of ethics in the sense that it is not about what is intrinsically good or just as it is about the way in which people form their opinion about it. The second is...