Greed, Need And Money (economics)

In the article entitled , esurience , Need and bills , Walter Williams presents his take on the economics and logic of keeping CEOs extremely paid . He essentially argues that these huge golden parachutes and embodied salaries are justified by return that these companies get in return . Just because a CEO gets a game salary does not mean that he does not deserve it or do anything to help the company recover that survey . By comparing this to a simple publish and necessitate model , Walter Williams is able to show that the reason the salaries are so high is because the demand is high as well and supply is pretty scarceOne manner by which the mention of the word esurience can be applied to the economic lessons that have been discussed is to juxtapose this to the application of covetousness as an economic theory . Greed can be said to be the primal instinct(predicate) for ego-preservation of people .

In an attempt to protect one s self , man seeks only to pursue his individual interests without care for the welfare of others . In relation to economics this pursuit of individual interests is greed or the pursuit of economic self-interests , otherwise known as individual wealth accumulationGreed as a driving throw is not an entirely new concept as it was originally part of the Invisible Hand theory introduced by ten Smith The basic precept of the invisible hand is that in a free market a person who chooses to be greedy and pursue his own...If you want to get a secure essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .