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Re: Greed

"greed" describes an aspect of a personality, whereas "rational profit maximization" is simply behavior. Economics can't deal with personality issues. It simply assumes that people are sociopaths (without the charming personality) and leaves it at that. 

------------------------
Jim Devine jdevine@xxxxxxx &  http://bellarmine.lmu.edu/~jdevine

 
> Ted Winslow wrote:
> 
> >"Greed" in this context can't be translated into instrumentally
> >rational profit maximization.
> 
> Ted, all this squishy talk makes economists nervous.
> 
> Doug
>
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