Robert Reich NAILS IT:


Itís worth pondering that the 19 firefighters who died Sunday battling a huge wildfire near Prescott, Arizona, presumably were motivated by something other than rational self-interest. Like the first-responders to 9/11 and other emergencies, and members of the armed forces, they put themselves in harmís way (or chose a job that did so) because they wanted to serve.


Economics, and much of public policy and political strategy, assume that people are motivated by self-interest, that the definition of acting rationally is to maximize what you want for yourself, and that other values Ė service, duty, ...

Read more

Robert Reich NAILS IT:

Itís worth pondering that the 19 firefighters who died Sunday battling a huge wildfire near Prescott, Arizona, presumably were motivated by something other than rational self-interest. Like the first-responders to 9/11 and other emergencies, and members of the armed forces, they put themselves in harmís way (or chose a job that did so) because they wanted to serve.

Economics, and much of public policy and political strategy, assume that people are motivated by self-interest, that the definition of acting rationally is to maximize what you want for yourself, and that other values Ė service, duty, ...

Read more