Economics

Compare and contrast the two events motivated by incentives, one where the self-interested behavior was good for society and the other where it was bad.

Good- Worlds first aircraft- Samuel P. Langley

Bad- Wells Fargo scandal

To prepare your essay, you should think critically about the merit of the information in each event by asking the following questions about each: a.) What is the main issue, problem, or intention of the event? b.) In what way(s) does the event investigate various points of view and assumptions? c.) What evidence is provided to support the issue? d.) In what way(s) does the event discuss consequences and implications of the reasoning provided? e.) In what way(s) does the information provided help you make an informed decision about the purpose?

Now, focus on the answers to the above questions and compare and contrast the 2 sets of information.

Determine what your thesis is and state it clearly and concisely. It should briefly introduce your topic but more importantly should indicate that your purpose is to compare and contrast the merit of the two events motivated by incentives, one where the self-interested behavior was good for society and the other where it was bad.. This will be the first sentence of your essay.

In the body of your essay, you may do a whole-to-whole comparison of the 2 sets of information, or you may do a (less common) point-to-point comparison. For a whole-to-whole comparison, address the information about one of the articles by discussing its merit using the critical thinking concepts above, then, do the same for the second article. For point-by-point, you should address the first important point about one article then that same point about the other, discuss a second point about one then the other, and so on. You will want to be very thorough in the body as this is a very large percentage of your grade on the essay.

Your conclusion should summarize how the merit of the good event compares and contrasts with the merit of the bad event in terms of self-interest and society, thus reaffirming your thesis without restating it. This is where you conclude with inferences, clearly address implications or consequences of accepting the given information and culminate any assertions.

You are to write 500 words / 2 pages. A 50 word leeway will be accepted; otherwise points may be deducted. Use basic APA style guidelines such as 1” margins, 12 point Times New Roman font, double-spaced, and when citing your sources and listing your References.