Re: How wonderful greed is

2012-11-12 Thread Stephen P. King
On 11/12/2012 6:55 PM, Russell Standish wrote: On Mon, Nov 12, 2012 at 07:11:40AM -0500, Roger Clough wrote: Hi Russell Standish Below you infer that economics is a rational activity. It isn't. it's close to a branch of psychology. You misconstrue me if you think this. Firstly, I'm not an econ

Re: How wonderful greed is

2012-11-12 Thread Russell Standish
On Mon, Nov 12, 2012 at 07:11:40AM -0500, Roger Clough wrote: > Hi Russell Standish > > Below you infer that economics is a rational activity. > It isn't. it's close to a branch of psychology. You misconstrue me if you think this. Firstly, I'm not an economist, so my opinions on the subject do

How wonderful greed is

2012-11-12 Thread Roger Clough
Hi Russell Standish Below you infer that economics is a rational activity. It isn't. it's close to a branch of psychology. Buying stocks, as Gordon Gekko said in "Wall Street", is usually based not merely on desire, but desire in the face of risk. Then Greed seems to be the best word in that