Wal-Mart Pricing Interview

 

Management academics can and should contribute to public policy discussions for the sake of maximizing the collective good of society. I will update this page in the future with material related to that responsibility. In the meantime, I leave you with this:


  1. Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer. The maxim is so perfectly self-evident, that it would be absurd to attempt to prove it. But in the mercantile system, the interest of the consumer is almost constantly sacrificed to that of the producer; and it seems to consider production, and not consumption, as the ultimate end and object of all industry and commerce.

                                                The Wealth of Nations, Adam Smith (1776)

 
Gary F.
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