On March 14, Greg Smith, an executive director at Goldman Sachs, announced his resignation in the pages of the New York Times. His reasoning: The company’s employees and culture had morphed into a gross entity that sidelines the interests of the client in favor of making a quick buck.
IFWE’s Visiting Scholar Jay W. Richards and Anne Bradley, Vice President of Economic Initiatives, joined together in writing an op-ed in response to this story. Their op-ed was published in The Washington Times. Without taking sides in the story, Richards and Bradley use it as a teaching moment to talk about the difference between self-interest and greed, both from a Biblical and economic perspective. Read their op-ed here.
To read more on this topic, check out the new paper “C.S. Lewis, Greed, and Self-Interest” by IFWE’s Dr. Art Lindsley.