This blog contains posts and comments written by students in Dr. Tufte's economics classes at Southern Utah University.
4/11/2005
Martha's Money
Martha Stewart, America's favorite criminal, received nearly $1.2 million this past year even though she spent a majority of her time in prison. In thinking about this, one is left to wonder why America supports crime? There must be a large market for white-collared criminals in society if our nation chooses to reward scoundrels such as Stewart. What do you think? Do you demand products or services from criminals, and if not, then who does?
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4 comments:
I enjoyed reading about the judges decision today rejecting Martha's plea to dismiss her house arrest sentence. Does anyone really feel sorry for this woman?
On the other hand, I think she and her people have done a masterful job of capitalizing on her misfortune. I don't think there is a conflict with people continuing to support her brand because she offers something that is quite unique and differentiated from any of her competitors. I don't believe most people see her as a criminal at the end of the day anyway.
-1 on Jacques' comment for incorrect punctuation.
I think there is a reasonable limit to how far economic damages can go. We can't reasonably deny people their livelihood - as long as it isn't criminal - just because they commit a crime. We have that sort of position because it protects the poor, and if Martha Stewart benefits as well there isn't much we can do about it.
What it could be useful for?
Come again - I'm not sure what you're referring to?
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