A discussion of “Revisiting the Purpose of Business” I am an economist and a lot of what drew me to the field early on is the Adam Smith story of the Invisible Hand. Briefly, it is the idea that our self-interested nature is channeled, as if by an all-knowing Invisible…
Tag: Self-interest
Pedagogy
We Could Do Better If We Tried!
A Discussion of “Measuring Success in Education: The Role of Effort on the Test Itself” US students tend to score lower than we Americans would like on international tests. For example, on the 2012 Programme for International Student Assessment (PISA) that was taken in 65 countries around the world including…
Economic Thought
Communism, Attitudes, and Political Sustainability
A Discussion of “The Long-Term Effects of Communism in Eastern Europe” Communism ended in Eastern Europe over three decades ago, but does that mean the market system that took its place is secure? What impact do the cultural and economic attitudes of the people have on the sustainability of the market…