2015-10-14
298
CHAPTER 7 The Free Market Incentive: Self-Interest vs. Greed
1. adversely affected
2. antitrust authorities
3. assets
4. at the expense of
5. attribute this belief to
6. basic problem
7. better one's own condition
8. built-in security against "greedy" behavior
9. capitalist economic systems
10. carry on the society to wealth and prosperity
11. cheat
12. come in part from misunderstanding
13. common assertion
14. compound by the common tendency
15. create gain for themselves
16. denote and connote morally objectionable behavior
17. deterrent
18. drag on the system
19. driving force in a free market economy
20. driving force behind a free-enterprise economic system
21. dynamic must be supplied
22. economic policy derived from such perceptions
23. economic sphere
24. effectiveness arises
25. efficacy of free market
26. exchange cannot occur
27. exert itself with freedom and security
28. explicitly identify
29. for their own advantage to do
30. free enterprise economic system
31. free-enterprise economic activity
32. fundamental and deeply ingrained perceptions of
33. go against the realities of a free enterprise economy
34. government-imposed restraints on trade
35. greed
36. greed-driven economy
37. greedy behavior
38. gross distortion of reality
39. human effort
40. human virtue
41. impetus behind free-enterprise capitalistic economic systems
42. implications of confusion
43. implied negative moral connotations
44. improve one's lot in life
45. in a free market
46. in a pejorative manner
47. in conjunction with the betterment of others
48. induce smb to engage in an exchange
49. initial investments
50. interest their self-love in his favor
51. it is commonplace today to hear
|
|
|
52. it is common to characterize the behavior thus implied
53. laissez-faire economic theory
54. major drag on the American economy
55. make wary
56. misrepresent product quality
57. modern economies
58. modern manufacturing industries
59. much more general in scope than
60. mutually beneficial
61. mutually beneficial behavior
62. net effect of
63. objectionable image of
64. offer gain to others
65. offer terms
66. offer the value of their assets as "hostage"
67. on the part of either party involved
68. one person's gain can be obtained only at the expense of others
69. opportunistic behavior
70. opportunistic trading behavior can occur
71. participate in a transaction
72. people indifferent to
73. perceive as improving his own welfare
74. perforce
75. perpetrator's future sales
76. potential new customers
77. presumption
78. prevail
79. prima facie evidence of wrongdoing
80. prime motive force underlying a free economy
81. prime moving force behind economic activity
82. produce a systematic bias toward over-regulation
83. profit motive
84. provide the individual motivation
85. quote as proof
86. realities of a free enterprise economy
87. reduce the likelihood of realizing such sales
88. reduced value
89. regarding private sector economic activity
90. rely on the cooperation of large numbers of unknown individuals
91. result in a net personal loss of welfare
92. seek gain for themselves
93. self- interest
94. selfish behavior of individuals
95. selfishness
96. serious deterrent toward
97. subset of all self-interested behavior
98. suffer a significant loss of wealth
99. tendency toward over-regulation
100.threat of reduced future sales
101.underly much of public policy
102.undermine the incentive system
103.unwarranted suspicions of
104.view high profits as evidence of monopoly power, not efficiency
105.withhold future purchases
106.zero-sum game
