Browsing articles tagged with " greed"
Jan 20, 2016
boyce
Comments Off on Video remix contest: recent entries

Video remix contest: recent entries

For your viewing pleasure, here are two more recent entries in the Econ4 Video Remix Contest. The deadline for prize eligibility is February 1st. Submit yours soon!

Jan 13, 2016
boyce
Comments Off on More entries in the Econ4 video contest

More entries in the Econ4 video contest

Here, for your inspiration and entertainment, are two more recent entries in the Econ4 Video Remix Contest. We’ll continue to post selected entries.

Reminder: Deadline for prize eligibility is February 1st.

Jan 8, 2016
boyce
Comments Off on Video remix: More entries

Video remix: More entries

Here we share two more recent entries in the Econ4 Video Remix Contest. We’ll continue to post selected entries in coming weeks.

Reminder: Deadline for prize eligibility is February 1st.

 

Jan 7, 2016
boyce
Comments Off on Talk about perverse incentives

Talk about perverse incentives

More guns -> more deaths -> more guns. A vicious circle becomes a business model:

While the country reels from a series of mass shootings, each one reigniting the debate over the regulation of firearms, the hottest investments in the stock market seem to be shares of gun manufacturers.

Read it and weep: here.

Jan 5, 2016
boyce
Comments Off on Econ4 Video Remix Contest: Great entries

Econ4 Video Remix Contest: Great entries

It’s time to start sharing some of the great entries we’ve received in the Econ4 Video Remix Contest. Stay tuned for more!

Entries received by February 1, 2016, are eligible for cash prizes. You can enter here.

 

Nov 22, 2015
boyce
Comments Off on Where water flows to money

Where water flows to money

Engineers think water flows downhill. Economists think it flows to money. We think they’re right, and it’s wrong. Read what’s happening in California here:

APPLE VALLEY, Calif. — Outside her two-story tract home in this working-class town, Debbie Alberts, a part-time food service worker, has torn out most of the lawn. She has given up daily showers and cut her family’s water use nearly in half, to just 178 gallons per person each day.

A little more than 100 miles west, a resident of the fashionable Los Angeles hills has been labeled “the Wet Prince of Bel Air” after drinking up more than 30,000 gallons of water each day — the equivalent of 400 toilet flushes each hour with two showers running constantly, with enough water left over to keep the lawn perfectly green.

Only one of them has been fined for excessive water use: Ms. Alberts.

More here.

Jan 20, 2014
boyce
Comments Off on Confessions of a wealth addict

Confessions of a wealth addict

In an insightful, introspective piece in yesterday’s New York Times, a recovering derivatives trader writes:

Like alcoholics driving drunk, wealth addiction imperils everyone. Wealth addicts are, more than anybody, specifically responsible for the ever widening rift that is tearing apart our once great country. Wealth addicts are responsible for the vast and toxic disparity between the rich and the poor and the annihilation of the middle class. Only a wealth addict would feel justified in receiving $14 million in compensation — including an $8.5 million bonus — as the McDonald’s C.E.O., Don Thompson, did in 2012, while his company then published a brochure for its work force on how to survive on their low wages. Only a wealth addict would earn hundreds of millions as a hedge-fund manager, and then lobby to maintain a tax loophole that gave him a lower tax rate than his secretary….

Dozens of different types of 12-step support groups — including Clutterers Anonymous and On-Line Gamers Anonymous — exist to help addicts of various types, yet there is no Wealth Addicts Anonymous. Why not? Because our culture supports and even lauds the addiction.

Read his piece here.

Jul 23, 2013
econ4org
Comments Off on Top dogs and low lifes

Top dogs and low lifes

Check out this new research on the psychology of privilege and greed (or what some economists dub “rational behavior”):

Source: PBS News Hour.