Spreading greed
According to economist Robert H Frank, economics students become more selfish as a result of spending years immersed in the study of economic theory that is based on the idea that people act selfishly (or “rationally”, as economists describe it.
What effect does living in a neo-liberal capitalist society that is based on exactly the same assumptions have on people?
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Money terms update
I have done too much on Money Terms recently to list it all here, but a few high lights are worth mentioning. I learnt a lot writing the piece on the value effect: it needed a fair amount of research on the evidence for it. The same goes for the dumb money effect. This was less true for the size effect which I have been interested in for a while. Having looked at the evidence, I think now think the dumb money effect is the most interesting of these.
For begginers, I have added a few basic comments on year-on-year and sequential comparisons. Also fairly basic, but quite interesting to think about, was corporate social responsibility.
Counter-signalling web-sites
Since I read this post on countersignalling, I have been bothered by a feeling that there was a good example I could not bring to the front of my mind. I just realised what it was: ugly websites. (more…)
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