On Advertising
“Advertising is legalized lying.” – H.G. Wells
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“Advertising is legalized lying.” – H.G. Wells
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According to traditional economic theory, when people perform jobs for pay, they decide whether the pay they receive is large enough to justify the effort they put into the task at hand. But what if someone else is doing the same work for more pay? They probably won’t feel so great about their jobs anymore,…
In 1925, a handful of extremely wealthy Long Island residents tried to thwart state plans to run highways from New York City through Long Island to beaches that the masses could enjoy. These wealthy people were understandably upset, that part of their property would be taken away to make room for highways and the like….
In a recent post, I wrote about the fact that many physicians in the US do not accept new appointments with Medicaid enrollees. I was surprised to see it quickly garnered over 25,000 views. I guess it’s good to write posts that people read. But I fear that many people read it because it was…
Fascinating new research sheds light on why so many people stick with dull jobs over trying something more exciting: They don’t expect to get paid enough to justify going after the more interesting options. Research into “effort aversion“ by Duke University Fuqua School of Business marketing professor Peter Ubel and David Comerford, an assistant professor at Stirling University found that in…
Ever been talking to someone when they all of a sudden said: “To be perfectly honest . . .” I don’t know about you, but I don’t find that phrase reassuring. In fact, it kind of makes me wonder how honest you were being with me before you said that!
Powerful words from Thomas Paine, spoken September 11, 1777: “Those who expect to reap the blessings of freedom, must, like men, undergo the fatigues of supporting it.”