Unfinished battle
Article Abstract:
Economic liberalism has undergone a revival in the last two decades of the 20th century, with privatization, deregulation, and other measures to free markets. This could be linked to the expansion of the middle class and its reluctance to fund public services, while labor unions have weakened. There is still popular support for government intervention, and many people see both liberal economics and economics as a whole as not useful. There is also pressure for economic rights which has increased, and postmodernism is a philosophy opposed to economic liberalism.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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The benevolence of self-interest
Article Abstract:
Economists may present people as driven by rational self-interest, though irrationality and altruism are also part of human behavior. The economic notion of self-interest is wide enough to include other people's interests. Behavior may appear selfless, but it often represents the giving of favors in the expectation that they may be returned. Other behavior may be truly selfless. Society would not function if workers sought lower wages for more work, and self-interest can help explain general trends in economics.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Memory building
Article Abstract:
Human culture uses learning in advance, but evolution will have developed memories to learn from experience what may be dangerous or edible. Natural selection involves filters so memory is not clogged with trivia. Retrieval is the key issues, since memory construction is selective. Damage to the hippocampus affects the formation of new long-term memories. Repeated exposure is more efficient than cramming over the short term. Unlearning memories can be difficult, and this means that phobias are not easy to cure.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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