Posts Tagged ‘self-interest’

  • Resource allocation involves similar concepts whether personal, for business or a country.

    How To Divide the Rent, a Cake and a Country

    May 1, 14 • 379 Views • No Comments

    Assume for a moment that you have just rented a 4th floor walk-up apartment for $3000 with 2 friends. One bedroom is mid-sized and near a fire escape, the second is rather large and has a view of a magnificent tree while the third is tiny, looks out on the...  [read more]

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    Six Areas Where Economists Disagree With Everyone Else

    Nov 9, 13 • 490 Views • No Comments

    A small firestorm ignited when the Chair of the President’s Council of Economic Advisers said, “Outsourcing is a growing phenomenon, but it’s something that we should realize is probably a plus for the economy in the long run.”...  [read more]

  • Self-interest represents the seeds that blossom into economic growth.

    Job Creators or Robber Barons?

    Oct 3, 12 • 308 Views • 2 Comments

    I have confessed before that I admire the entrepreneurs who have been called the robber barons. Carnegie and steel, Rockefeller and oil, J.J. Hill and railroads, Morgan and money. These men and others from their 19th century world competed lethally. On the...  [read more]

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    Altitude and Attitude

    Apr 1, 11 • 234 Views • No Comments

    A recent article in Scientific American cited a correlation between altitude and attitude. Describing four different experiments, researchers concluded that physical elevation seemed to connect to generosity, kindness, and cooperation. This is what they...  [read more]

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    Do You Approve of Profits?

    Dec 18, 10 • 245 Views • No Comments

    Two Questions: 1.How do you feel about profit? In their paper, “Is Profit Evil? Associations of Profit With Social Harm,” 3 University of Pennsylvania researchers discuss two studies that display people’s negative response to profit seeking...  [read more]