Greed vs. Incentives: Exploring the Ideologies of Greed and Incentives At first glance, greed and incentives seem to be opposites. The word “greed” recalls negative images such as Uncle Scrooge hoarding his pennies, while the word “incentive” promotes a positive feeling, perhaps reminding us of desserts “earned” after eating all the vegetables on the plate. When looking at synonyms of each word, the parallel of their meaning becomes clearer. Incentive is also enticement, motivation, and encouragement, but to what end? To make more money, earn the bonus, receive the top salesman award, or enjoy a Brownie Delight? When the greed of one person or company becomes an incentive or enticement to purchase their product, then the nearness of meaning between the words begins to emerge. An incentive offered to increase productivity, such as stock options, may well lead to detrimental greed as the CEO manipulates accounting records to reflect high income. Greed and incentives have the capability to be healthy or harmful, depending on the extent to which they are used.
Adam Smith’s idea of …show more content…
“Necessity is the mother of invention” is an old English proverb which does seem to be true. Someone in history made the wheel to be put on chariots pulled by horses. Somebody else discovered how to smelt iron and mold it into tools to help with farming, chopping wood, and cooking. Another person learned how to create the arch in building designs which was used to build an aqueduct during the Roman Empire to carry water into the dessert. Because he did not clean up his work station is a timely manner, Alexander Fleming discovered penicillin, which has helped people fight bacterial infections. The creation of gadgets and devices by humanity continues as more are invented to make life simpler, or safer, or more comfortable. The motive behind these inventions and others is not always
Adam Smith’s idea of …show more content…
“Necessity is the mother of invention” is an old English proverb which does seem to be true. Someone in history made the wheel to be put on chariots pulled by horses. Somebody else discovered how to smelt iron and mold it into tools to help with farming, chopping wood, and cooking. Another person learned how to create the arch in building designs which was used to build an aqueduct during the Roman Empire to carry water into the dessert. Because he did not clean up his work station is a timely manner, Alexander Fleming discovered penicillin, which has helped people fight bacterial infections. The creation of gadgets and devices by humanity continues as more are invented to make life simpler, or safer, or more comfortable. The motive behind these inventions and others is not always