6. It's wrong to profit from someone else's needs. Do you agree? (a) Should a physician profit...

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6. "It's wrong to profit from someone else's needs." Do you agree?

(a) Should a physician profit from the illness of his patients? The teacher from the ignorance of students? The newscaster from his listeners' lack of information about current affairs?

The legislator from the needs of his constituents?

(b) When is it all right to earn a profit?

(c) What role do profits play in a market economy?

(d) Do profits and losses actually influence human behavior? (Ignore the issue of whether they should.) Cite evidence with which you are familiar and discuss.

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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