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Article: Shame is a player, but greed wins in the end.(The Dallas Morning News)
- Article from:
- Knight Ridder/Tribune News Service
- Article date:
- July 29, 2002
- Author:
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune News Service. 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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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 considerations.
"In the ...