Episode 145: Morality and Economics
Words & Numbers
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The Importance of Self-Interest in Markets
I think we cross a line in many people's minds when they see the success of self-interest relative to the failure of other self-interest. Steve Jobs is so good at understanding what we want that he dies with $8 billion. Other people die with much, much less. And somehow that doesn't seem exactly fair. It seems to violate an internal clock that we all seem to have. We live in a remarkable time. There's tremendous equality when it comes to smartphones.
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