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Article: Shame is a player, but greed wins in the end.
- Article from:
- The Dallas Morning News (Dallas, TX)
- Article date:
- July 29, 2002
CopyrightCOPYRIGHT 2002 The Dallas Morning News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Tom Siegfried
Greed, the laws of economics suggest, makes the world go round.
Actually, it's angular momentum. But the only angular momentum economists notice these days is that sharp downward line indicating negative momentum in the stock market.
What the world needs now, it seems, is some guilt and shame.
Strangely enough, some economists agree. In fact, they say, guilt and shame do play a role in economic decision making. After all, people are seldom the rational thinking machines that standard economic theory envisions. Rather than always acting totally in self-interest, many people temper their choices with emotional ...