Posts Tagged ‘Adam Smith’

  • decisions dilemmas_000018804553XSmall

    What Should Not Be Sold?

    Apr 28, 12 • 266 Views • No Comments

    Assume you just learned that your mother paid someone to write the (warm and loving) toast she expressed at your wedding. Is that okay? During Bloomberg radio’s On the Economy, referring to a purchased wedding toast, Harvard professor Michael Sandel...  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    (Bad) Decisions

    Apr 24, 12 • 308 Views • No Comments

    By Mira Korber, guest blogger. Why might have most notorious fraudsters committed their crimes? The traditional answer seems obvious: severe character flaws, lack of ethics, unbridled greed. But there may be more to the picture than simply this “bad...  [read more]

  • Chinese Consumers and Fresh Apples

    Chinese Economic Growth

    Mar 17, 12 • 327 Views • No Comments

    Our story ends with the recent 2030 Word Bank Report on Chinese economic growth. But we have to start with sunflower seeds. There once was a poor Chinese farmer who believed he could excel at nothing but sunflower seeds. Traditionally sold in stores, in bulk...  [read more]

  • The Panama Canal Project Facilitates World Trade.

    The Fabric of Free Trade

    Oct 14, 11 • 234 Views • No Comments

    The roof of the big-box store near your home could contain fabric that was made in Greensboro, N.C. Transported in rolls that are 12 feet wide and 5,000 yards long, this material is also made in South Korea. Until now, U.S. textile firms could compete against...  [read more]

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    Naming Matters

    Oct 5, 11 • 248 Views • No Comments

    Combine something enjoyable like a strawberry with a color that connects to high tech. Then add the one letter that has a “reliable” sound in most languages and what do you get? Blackberry. Actually, the Blackberry might have been called the...  [read more]