BUSA 356 Lecture Notes - Lecture 6: Crowdfunding, Norm (Social)
15 Jul 2016
School
Department
Course
Professor
Document Summary
The love of money is the root of all evil. Casual carpools used to have reduced toll payment. Crowd funding concept of value for things that don"t have a specific value. Assessing someone"s life: profit from death, put a value on life, murders relationship matters trust a system the need lift pink mustache generation shift more willingness to share info insufficient demand. Social good not economic good maximize outcome not through raising tuition. Education, healthcare large sector of economy is a social good. Hybrids take social good and turn them into private. Universities are not businesses except for 4 universities in the world. Low marginal utility worth more to one person than to another. Good people should do institutions that emphasize that. Fall apart with one example: free loading friend. Intrinsic value that cant be replaced vs marilyn monroe andy warhol. Value of a lot of objects is social.
