But, if we are honest and attentive to our deepest motivations, we have to recognize that we are also working for love.
We work as hard as we do, taking on unpleasant tasks and pushing ourselves to the point of exhaustion sometimes, because we love our families, whom we are trying to provide for.
We often love the people we work with, and so take on responsibilities in the work-place that go beyond our selfish aggrandizement. We sometimes feel a love for our customers and want to give them our best. And there is also love for the work itself, the satisfaction that comes from exercising our skills, from making something, from having an effect on the world outside ourselves.
All of these examples of love manifest themselves in acts of self-sacrifice, of saying no to our selfish pleasures and personal preferences out of love. And ultimately, all of these loves come from God.
Certainly, the iron laws of economics keep grinding on, with all of the players following their rational self-interests in the vast interplay of supply and demand, wages and productivity. But even while the players are, in one sense, turned in upon themselves, they also, in the work of their vocations, are turned outward to others.
That is, though they are motivated by self-interest, they are also motivated by love. More than that, the whole economic system, when it is working rightly, has the effect of love. Further, in our own economic lives, we can demonstrate how self-interest and service can also be paired with a genuine love for humanity that transcends human systems and wields transformative, redemptive power over whatever vices we continue to encounter.
Joseph resides in Minneapolis, Minnesota with his wife and four children. Without the incentive of profits no one would provide goods or services. Without incentives of profit innovation would not matter. Under capitalism, Innovative activity — which in other types of economy is fortuitous and optional — becomes mandatory, a life-and-death matter for the firm.
And the spread of new technology, which in other economies has proceeded at a stately pace, often requiring decades or even centuries, under capitalism is speeded up remarkably because, quite simply, time is money Bamboo, 1. The incentive of profit is what paved the way for our free market capitalism. Is greed good? The answer must be yes, because people are willing to buy the goods or services that these people make. As mentioned earlier, free trade among the members of a society though each individual pursues only his own selfish gain.
Do the incentives of the free market promote fairness or greed? Incentives of the arrest promote both greed and fairness. But when you consider history, and our economy, the only cases where people have escaped severe poverty are in nations that have free market economies. Because of the free market system, prices are set for goods and services freely by consent between sellers and consumers, fairness is achieved.
But the desire for someone to start producing a good is caused by the incentives from the profits, caused by the greedy desire of wanting to make more money. Conclusions Incentive and greed play a large role in a free market society. Without the incentive of profits people may not help grow the economy by producing goods or services.
Greed is a driving factor in our economy. References Bamboo, W. Hire verified writer. Essay Example. Related Essays. A limited time offer! Save Time On Research and Writing.
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