Adam Smith

What Kevin O'Leary Gets Wrong About Business

Kevin O'Leary has created an entire persona around a sort of modern-day Gordon Gekko. O'Leary is fond of and famous for employing phrases like "it's all about the money," "people only care about money," and "money makes the world go round." To put it mildly, this is a superficial, even one-dimensional understanding of markets.

Adam Smith Called: He Wants Warning Labels on Gas Pumps

Our dominant economic paradigm is premised on a worldview that we are self-interested, wealth-maximizing beings that respond like automatons to price signals. I think we're more than that. Our labels engage this part of us and are ultimately more congruent with what we are as human beings.
Getty

Why the Big Three Are Right About Verizon

At first sight, the reaction of the three big players to Verizon's possible entry onto the Canadian market seems to be another illustration of their tendency to quash competition. A casual observer might be tempted to think that they're trying to secure government protection against a new player that poses a real threat to their market shares. Nothing could be further from the truth.
AP

How Barack Obama May Lose the Presidency

It's not that Americans aren't smart enough to know the bile spewed in super-PAC ads consists largely of lies. Surely they suspect Romney could care less about them, and his presidency would hinge solely on placating the so-called "one-percenters" who really run America; it's just there's something omnipotent about the way unlimited amounts of money slowly, steadily steer our thoughts and desires.