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...write that integrity is widely misunderstood. What don't people get? I don't think they understand that if you act with integrity you actually can create wealth. We tend to think in a conventional way of integrity as - if you look it up in the dictionary - honor, honesty, moral rectitude. We think of it as a personal issue, a private morality, entirely up to you. But this way of thinking about integrity, the economic view, is a collective view. It's all about us. It underpins everything we do in the economy. [For] any transaction [to] succeed - whether...

Author: /time Magazine | Title: How Trust Creates Wealth | 3/10/2010 | See Source »

...suggest that we wrongly believe that doing the right thing will prevent us from getting ahead. Where do you think that idea comes from? I think it comes from a short-term mentality. We've moved away from the long-term mentality of creating wealth to a slightly more short-term need for making money. There can be often a conflict between what I need to make money today and acting with integrity. Not really thinking, 'Gee, do I want to be here in 10, 20, 30 years' time?' can lead people to compromise on their integrity in pursuit...

Author: /time Magazine | Title: How Trust Creates Wealth | 3/10/2010 | See Source »

...example of how you can create integrity from scratch. If you played according to the rules - if you bought, if you sold exactly the products in the way that you said they were, if you handed them over to the buyer in good order - then everybody created wealth and everybody benefited. And that cycle of integrity and wealth encouraged more people to come in. And then you had a bigger pot of integrity and a bigger pot of creating wealth. It's a virtuous circle...

Author: /time Magazine | Title: How Trust Creates Wealth | 3/10/2010 | See Source »

...center wanted to collaborate with the Commonwealth Journal, a radio program on WUMB 91.9, to help draw on Boston’s intellectual wealth, said Susan Hartnett, the center’s executive director...

Author: By Zoe A.Y. Weinberg, CRIMSON STAFF WRITER | Title: Mass. Chief Justice Recalls Childhood | 3/10/2010 | See Source »

...That poor distribution of wealth has also sparked conflict in Nigeria's oil-rich southern Delta region, where militants lobbying for a greater share of oil revenue regularly blow up pipelines and kidnap foreign oil workers. Andrew Kakabadse, professor of international management development at the U.K.-based Cranfield School of Management, says oil companies have at various times pitted ethnic factions against one another for economic gain. (See pictures of Lagos...

Author: /time Magazine | Title: The Violence in Nigeria: What's Behind the Conflict? | 3/10/2010 | See Source »

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