Robert D Feinman - Essays on Social PolicyMusings on Society and Public PolicyMoral Hazard- April 19, 2008 Poor financial behavior has revived discussions of risk. The concept of moral hazard can't be applied to firms, however. People learn, firms do not. Institutional learning is embodied in regulations.http://robertdfeinman.com/society/moral_hazard.html What is Wealth - Where has it Gone- April 12, 2008 There is widespread confusion about wealth. A rise in the price of financial assets does not indicate real wealth, and neither does hoarding of items of little practical value like gold.http://robertdfeinman.com/society/what_is_wealth.html Class Warfare - A Different View- April 4, 2008 There are only two "classes" in society, those who need to work to eat and those who don't. The wealthiest of the working class needs to realize their interests lie with fellow workers, not plutocrats.http://robertdfeinman.com/society/class.html |