How the super rich serve society
Broadcast: Midmorning, 06/29/2009, 9:06 a.m.
The wealthiest 5 percent might spend much more than the rest of us, lend capital to build industries and support causes, but do the rich really serve society the way they used to? A look at whether the wealthy might help drive the next economy.
- Charles Geisst: Finance historian and professor at Manhattan College. His forthcoming book is (on the credit crisis) "Collateral Damaged" (Aug 2009).
- Robert Frank: Economics professor at Cornell University. His latest book is called "The Economic Naturalist's Field Guide."