Month: February 2005

Management

Planning, organizing, leading and controlling. The four ideals of persuasive management. Do managers really earn money for business or do they just cost money? Are these ideals effectively taught and practiced in business, or are they sidelined for radical ideas that destroy trust between employees and management? Without the right training for management there can […]

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Profit Motive

How can society depend on capitalism, or an unregulated market system? Adam Smith replies with two laws of this market. The first is the desire for wealth that permeates all human activity. Therefore, self-interest, or profit, motivates people to perform necessary tasks for which society is willing to pay. As Smith writes, “It is not […]

The Consequences of Effects

From the Utah Valley State College Mission Statement, Academic Freedom is a climate conducive to the free examination of ideas. We encourage thoughtful debate and civil discourse and respect the right and responsibility of faculty and students to explore all topics relevant to the educational experience (UVSC Mission Statement). Why then did local Orem resident […]

The Effects of Unintended Consequence

The law of unintended consequences, often cited but rarely defined, is that actions of people—and especially of government—always have effects that are unanticipated or “unintended.” Economists and other social scientists have heeded its power for centuries; for just as long, politicians and popular opinion have largely ignored it. How widely have its effects spread? Are […]