By Richard Cooper, Luke Barefoot, Adam Brenneman and Antonio Pietrantoni1 If there is one thing that all stakeholders in Puerto Rico’s fiscal crisis can agree on (and there are likely not many such things), it is that, without real economic growth, the commonwealth of Puerto Rico will neither be able to repay its creditors nor offer its residents a viable, let alone prosperous, future. [read post]

Normative foundations of business may include the moral and not only economic value of promises, morally articulated fiduciary duties of agency (including duties of care, candor, and loyalty), and the obligation to show respect to all business participants, including a moral imperative to treat employees and customers as people who deserve dignity and due recognition – and not merely as means to the ends of making profits for others.[20] Adam Smith and his followers in contemporary… [read post]