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While Wealth of Nations’ invisible hand is perhaps his best-known idea, he tempered the self-interests of individuals with a more compassionate, moral view of the community, noting With the rise of commerce, Adam Smith espoused a different view. It is said that hunger and poverty make them industrious, laws make them good.”

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Niccolò Machiavelli, a keen observer of social and political behavior, opined that Then, greed, or avarice, was one of the mortal sins. Samuel Bowles wrote in 2016 that greed had been rehabilitated since medieval times. So wrote the NY Times after the 1988 economic meltdown due to derivatives. The sensible goal for securities regulation is to channel selfish behavior, not thwart it.” Gekko’s admonition was more acceptable to Republican partisans. One last factoid, greed resulted in more “likes” and retweets when the source was a Democratic Senator.As the graph shows, greed drew significant attention for our Senators. Tweets of greed performed much like others involving negative emotions, outgroups, and moral outrage.This was true when considering solely the Tweets of a given Senator (Tweet level) and when considering the Tweets by all Senators (Senate Level)

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  • As expected, Tweets involving greed provoked more “likes” and retweets.
  • As the researchers write, “senators on both sides of the aisle tend to portray greed as a destructive force in society when they tweet about it.”
  • As you might anticipate, despite Gordon Gekko’s pronouncement, Senators did not characterize greed as good, instead surrounding it with words conveying negative emotions and feelings.
  • They also measured how a given Senator’s greed tweets compared to their peers. When the digital dust had settled, they had measures of how often a given Senator would Tweet about greed, obviously of the OTHER party. They used that definition of greed and considered some 1000 tweets containing the word “money” to identify words and phrases that might be associated with greed and create a “greed dictionary.” Those words were, in turn, applied to all of the public Tweets of our US Senators. The researchers used the roughly 860,000 Tweets of 140 US Senators between 20. The study comes from our window into the thoughts of politicians and journalists, Twitter.

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    “Greed -the desire to acquire more and the dissatisfaction with never having enough” Or we can go with this definition used by the study’s researchers.













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