Showing results for "James" in Theory

The Death of Homo Economicus explores the origin of this oppressive myth in order to destroy it. The story begins with the creation of a fake persona labelled the "dollar-hunting man", invented by economists Adam Smith and Friedrich Hayek. Today, this persona, driven by competition and ego, is used by politicians and managers to draw a veil over the terrible reality of work under capitalism.

Buchanan believed deeply that each individual is morally equal to every other individual. Because no person is superior, ethically speaking, to any other person, no person’s opinions or preferences should be given special advantage over those of other persons. He believed that this conclusion holds fast despite the undeniable fact that some individuals are smarter, better educated, wealthier, or higher-born than others.

Forbes editor John Tamny uses entertaining stories from sports, movies, popular culture, and famous businesses to demonstrate the basic principles of economics. The Rolling Stones, the Dallas Cowboys, and Paris Hilton become examples of good and bad tax policy. The Godfather, Gone With the Wind, and The Sopranos reveal the downside of antitrust regulation while the Michigan Wolverines' 2007 loss to Appalachian State explains why regulations often fail to achieve their intended purposes.