Utah State University

Since when was interest and survival being greedy?

Greed is not good. Although Leeson is able to quote Gordon Gecko’s character saying “greed is good”, greed harms us all. A good movie’s one liner is by no means reason to equate greed with self-interest and survival. Greed is stealing, fighting, or deceiving without limit to achieve more for yourself regardless of how badly […]

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Incentives

The chapter on pirate management was interesting to say the least.  The ingenious use of incentives really hit home to me in many ways.  It seems almost obvious when we think about the need for incentives in order to accomplish anything but there are so many examples of organizations or institutions that don’t have incentive compatibility. […]

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Greed is Good

Gecko really had it right in the movie Wall Street.  “Greed is Good.”  This concept to me is something that initially I struggled with.  What part of greed is good?  Greed is the reason people are killed in the streets for a watch (extreme case), wars are fought, and families torn apart.  Greed is also […]

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If there is really no way to surely protect patents or copyrights…why are there laws protecting them? It is simpler to protect copyrights because it applies to the exact words in the text, usually in a book. As for patents, it seems more complicated. It seems easier to find a loophole in a patent because […]

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