STATESMAN NEWS SERVICE
New Delhi, 6 January
Centre for Civil Society (CCS) organised a two-day conference on free market economies and enterprise system across the world through a series of paper presentations in New Delhi.
The conference sought to deliberate on how capitalism affects morality, the values it elevates and empowers and those it violates or undermines, and most importantly the values capitalism requires in order to arise and flourish and where they come from. Speakers of the conference included Andrew Bibby, Visiting Professor of American Studies at Christopher Newport University and Parth J Shah, founder president of CCS and a former Professor of Economics at University of Michigan, amongst others.
Mr Shah said, “This very powerful group of academic luminaries discussed and deliberated politics, ethics and economics of markets. Unlike the common perception, markets are based on sound moral principles of honesty, promise-keeping and trust and also promotes the same. The conference brought into focus the acceptance of efficiency of the market in improving quality of life, particularly of the poor, and juxtaposed it with the rejection of the morality of markets.”
Topics included the role of human innovation and creativity in the Great Enrichment in the west and how market-tested innovation and supply play a role in raising up the world&’s poor, the pervasiveness of markets in our lives and the implications thereof, theories of social justice, good and bad contracts, Chinese, Indian and Japanese responses to liberalism in the 20th Century and how religious beliefs, affiliations and participation in religious rituals affect basic economic outcomes.