what is sacrifice? i can only think it is longer hours of work, less leisure, less time with family - but world average hours of work are circa 60 hours [homemakers 70-90 hours, third world longer hours than first world] so longer hours can be at most 60% more ie, 1.6 times average work, but maximum fortune is 5,000,000,000 times median fortune
risk: is this a sacrifice? the business person risks a sprat to catch a mackerel - is it sense to pay fishermen for doing what they do? they risk a sprat out of selfinterest - do we pay goldprospectors for risking? i guess we do, sort-of - rightly or wrongly, we let them keep the mackerel, if they are lucky - but we dont pay them for risk - if they dont find gold, we dont pay them for losing the sprat - is it just, and fair to others, to pay them unlimited mackerel, if they strike gold? - remember money is power, so they take political democratic power from others, as well as get overpaid for their sacrifice -
fortune prop to educ?
2006-10-06 10:58:49 · 2 answers · asked by Anonymous in Social Science ➔ Economics