Peter Middlebrook, head of Geopolicity, said: "Pirates are the very essence of rational profit maximising entrepreneurs".
With profit margins of twenty-five per cent to thirty per cent, pirates are "the very essence of rational, profit maximising entrepreneurs described in neo-classical economics," the economist Peter Middlebrook has written.
Capitulating to the ill-judged demands of the NGOs may be rational, profit-seeking behaviour on their part.
The economy was in trouble, and Trump was a businessman who knew how to make rational, profit-oriented decisions.
They slipped into war in a fit of absent-mindedness, believing that the others would back down.Markets are also made up of investors who believe themselves to be rational profit-maximisers, endlessly calculating their advantage.
Thus we fail to get a picture of deindustrialization as a perfectly rational, profit-making opportunity, in the context of global capitalism.
Economists would never predict that rational, profit-maximizing economic actors would voluntarily shut down the nation's main aluminum smelter to ensure that everyone could watch the games.
Clearly, for-profit businesses can be powerful engines for driving social progress, whether as a by-product of rational profit-seeking, an explicit-if undefined-aspiration (e.g., Apple) to "change the world," or in the classic development of next-generation industries like renewable energy.
These decisions are not driven by rational, linear profit motives, but instead by an unwritten code called shigarami, in which loans are based more on longstanding relationships, political pressure and the mutual need to survive, a culture that Mr. Yokota now details in serialized books.
However, these reputations change only slowly over decades, so slowly that no rational for-profit firm would invest in maintaining them.
Although producers are always considered rational and profit-maximizing agents, it is possible that this assumption does not always hold true.
