Self-Interest

The problem with economics (capitalism) is that it assumes that the man is pursuing self-interest (the rational man). The problem with communism (Marxism) is that it assumes that the man is not pursuing self-interest. 

Popular posts from this blog

Marry the best who will have you and other wisdom from Munger and Buffett

Obituary: Charles T. Munger

Systems Thinking as taught by Ackoff