Key Words
capital accumulation
capitalism
coercion
competition
economic freedom
greed
junk bonds
robber baron
unlimited desires
zero-sum game
Why does competition inspire people to pursue excellence?
Some people say there is a difference between "real needs" and "mere wants." If values are personally subjective, is it possible to prove the difference between needs and wants?
We trust complete strangers with our life because of greed not love. Explain.
"Rockefeller really got rich so he must have unfairly taken it from others." Evaluate.
What effect might progressive taxation, or increasingly higher tax rates, have for the incentives to create wealth?
How does trying to erase greed from civic culture often destroy meaningful social bonds? Why do so many people believe societal problems are caused by greed?
What economic factors explain why Americans enjoy much more wealth than Haitians?
The "junk-bond king." Michael Milken, went to jail in the 1980's. How was Milken a great social benefactor?
Economic freedom and political freedom are inseparable. Explain?
Explain the conditions or rules which make the following statement true or false. "The rich get richer and the poor get poorer."
Standard Oil was a monopoly which harmed society. Would most economists agree?