Tuesday, October 14, 2003

News about the Subjects
Some inconsistencies have appeared. The Accounting teacher positioning accounting at the center of everything while the Finance teacher compares the financial statement to a detailed history book and that as such, they could never get a Nobel Prize, like a lot of Finance Academics do, because they do not focus on the future.

The Prices and Market teacher might insist on the fact that Finance offers an over-simplified model of things and overlooked personal utility and satisfaction which fortunately is accounted for in Microeconomics. Moreover financial markets are characterized by a null net present value and as such remain – although very fair – uninteresting. Now the ethics professor might jump in the middle of that indicating that profit is not the sole purpose in live and that although, it does not always pay, leaders should not subcontract ethics to governments and outsource their soul.

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