Think of all the people that you trade with during the course of the week [grocery stores, gas stations, etc.]. Are most of those trades between greedy people? Are you greedy when you make trades?
I don’t think that the vendors I go to throughout the week are being greedy for the most part. Everyone has the right to make a living however an example of greed would be the gas stations that raised their prices after hurricane Sandy astronomically because there was a shortage of gas. Raising prices during an emergency to increase profits even more is being greedy and unethical. I don’t think I am being greedy either when I am making purchases, I will of course look for the best price or use a coupon.
The people on top of the American economy get rich whether they make good or bad decisions, while workers and consumers are the ones who suffer from all their bad ones.
Chapter 1 talked about economics being about choice and the principals that lead us to make our choices. Greed is a human trait; all humans are capable of being greedy. I do not think that greed is good for...