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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…

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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…

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