Posted tagged ‘management’

On Greed: How to Not Take the Bad With the Good?

2010/05/20

Greed is the spur to action for many of our businesses and leaders Without their greed, we wouldn’t have as much production or as high a standard of living. Greed has been recognized as a good thing going back,at least, to the English and Dutch mercantilism of the 1500s, if not earlier. Since then, influential people such as Increase Mather extolled what Max Weber later called the Protestant Work Ethic, and Adam Smith who implicitly praised greed and its role along with the invisible hand of markets.

But sometimes, greed goes too far. The events of recent years show us the need for reforms:

(more…)