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    Change in South Africa?

    Feb 27 • Thinking Economically • 180 Views

    Last night the Oprah special on the Leadership Institute for Girls was on TV. I only saw the last 20 minutes, but I was amazed at the project she put together. These girls were so excited to go to school. It got me thinking about the gap between kids in America and kids in other countries.

    Another point stuck in my mind. Oprah told these girls that if they did well, she would pay for them to go to a top university for four years. The first thing I thought: This is a huge amount of money. When a person has that much money to spend, how should they spend it? Should money be invested in these people to ultimately better their lives and allow them to change a country for the better? I think Oprah has singlehandedly started a change in South Africa.

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    Where are the women?

    Feb 26 • Thinking Economically • 214 Views

    Stocks, investments, Wall Street…these names evoke images of men. Until after our recent class trip to the NYSE and Wall Street, I didn’t realize how true these images are.

    Standing in the stock exchange, I look down onto the floor and literally see two women. Two! As a student in an all-girls school this is very shocking. I have never been anywhere that has so few women. What does it take to get on the floor and why are more men getting there?

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    The Super Bowl… Is it really about the game?

    Feb 5 • Thinking Economically • 177 Views

    Even though I like football, when I watch the Super Bowl, I

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    (Product) Red. How far will it go?

    Dec 22 • Thinking Economically • 231 Views

    It is safe to say that ten years ago, not many people would have imagined that we could purchase music right off of the Internet and have the proceeds go straight to charity.

    One of the more reasonable ways to contribute to the Red campaign is to buy

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  • Milton Friedman’s Philosophy

    Dec 14 • Thinking Economically • 299 Views

    On Milton Friedman…

    “At a conference 34 years ago, celebrating Friedman’s 60th birthday, I presented a paper questioning that dictum by noting that the vast part of apparently nonprofit-oriented behavior by corporate managers was really — and necessarily — a profit-maximizing response to business, social or political pressures dressed up to look like something else. For such a strategy to be successful, the behavior had to appear to be nonprofit maximizing, and, of course, had to be called something like “social responsibility.”

    Since it was difficult or impossible to distinguish a profit motive from a charitable motive in any particular corporate action, a strong rule against corporate altruism, as Friedman was advocating, would invite judges to examine the propriety of a significant set of managerial decisions. ”
    -Article by Henry G. Manne (Wall Street Journal) (11-24-06)

    We’re not the only ones who think businesses have other motives.

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