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The Financial Crisis and the End of the Hunter-Gatherer

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Crisis and Recovery
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Abstract

Plato first argued the case for proportionality — and it is telling that justice in so many cultures is signified by a pair of scales. Retribution should be proportional to the crime. But so should reward be proportional to our extra effort. It is a fundamental part of human beings’ hard-wiring. The scales symbolically declare that justice is getting our due and proportional deserts.

This chapter has been adapted by Will Hutton from articles that he wrote for the Observer and the Guardian in February 2010.

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Notes

  1. C. Mulas-Granados, E. Baldacci and S. Gupta, How Effective is Fiscal Policy Response in Systemic Banking Crises?, IMF Working Papers, 09/160, 2009.

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  2. R. Chote, C. Emmerson and J. Shaw (eds) The IFS Green Budget, doi: 10.1920/co.ifs.2010.0112, February 2010.

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© 2010 Will Hutton

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Hutton, W. (2010). The Financial Crisis and the End of the Hunter-Gatherer. In: Crisis and Recovery. Palgrave Macmillan, London. https://doi.org/10.1057/9780230294912_10

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