Does altruism have a place in our business lives

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Reference no: EM131915976

Question: 1. Distinguished economist Gary Becker argued for a free market approach to America's immigration difficulties: In a market economy, the way to deal with excess demand for a product or service is to raise the price. This reduces the demand and stimulates the supply. I suggest that the United States adopt a similar approach to help solve its immigration problems. Under my proposal, anyone willing to pay a specified price could enter the United States immediately.167 Comment.

2. Management scholars Rabindra Kanugo and Jay Conger remark that "‘Altruism' is a word rarely associated with the world of business," but they ask, "Does altruism have a place in our business lives? And does it make good economic sense?"168 Answer their questions.

Reference no: EM131915976

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