Why a Harvard Professor Has Mixed Feelings When Students Take Jobs in Finance

Visit link at nytimes.com

People who go into finance aren’t bad people, they’re just misguided. Kidding aside, rationally (meaning translated to pay), our society tells people that finance is one of the most important possible fields to go into. And lack of regulation translates to any means necessary. From the article: “talented people become what we economists call “rent seekers.” Instead of creating wealth, rent seekers simply transfer it — from others to themselves.”


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