2010 Graduates Still Headed for Wall Street
Paul Solman: On the show tonight, Harvard economist Ben Friedman argues that schools like his are channeling graduates into finance — at a cost of society as a whole. No, the Ivy League doesn’t make crooks out of its students, But it continues to funnel them to Wall Street, he argues — a Wall Street whose benefits to society these days Friedman seriously doubts.
One footnote: Friedman is one of capitalism’s most ardent and eloquent champions. His book, “The Moral Consequences of Economic Growth,” is a sustained argument for the merits of a market system. All the more reason to take him seriously.