Econ 121 DB 3: Invisible Hand

Watch the above video. Once you have done this click on the above link “Invisible Hand DB” and create a thread with at least two paragraphs containing the following following:

• • Based on how “Greed” is portrayed in the video do you believe it can provide benefits to society?
  • Give a personal example of something you do for your own best interest that also benefits others. Alternatively, give an example of something you have done that only harmed others. Are both “Greedy”? Do you see a difference between “Greed” and “Self-interest”?
  • Do you believe love and kindness would produce the same level of output in a society as “self-interest”? Why or why not?
  • Would you consider a business owner attempting to hire workers at a lower wage greedy? What about a worker attempting to get a higher wage from the employer?
  • By going to school and getting an education you are likely to significantly raise your income, do you believe such an increase in your income will take income away from others? If yes, than why would you do such a thing? If no, how can one person’s income go up without someone else’s going down?
  • After you post your narrative, reply to at least two other students comments. Explain why you agree, or better yet, find others that take a different position and explain why you disagree.