Tag Archives

Archive of posts published in the tag: John Nash

Adam Smith Was Wrong

This scene from A Beautiful Mind is a eureka moment in economics.  It debunks the greed is good theory. The way to maximize your benefit is not just seek your own self interest but to seek a way that benefits

Read More

Political Greed and Crony Capitalism

Ever since Michael Douglas’s character Gordon Gekko in the movie Wall Street declared “Greed is Good” capitalism has been cast in a sinister role that it has yet to overcome. The movie speech was rumored to be taken from a

Read More