We are all too familiar with an assumption about the economic man. That person is selfish, greedy, and will try to maximize his interests both monetary and non-monetary. They are big manufacturers, willing to cut labor costs, and "unnecessary" technical requirements to acquire the "best-priced products" to boost customer demand. They are also consumers who accept a higher-priced product for extra perks. But if a society functions like that - a place where everyone only thinks about personal benefits, what will the future look like? Ms. Pham Phuong Thao is a lecturer in the Faculty of International Economics, Foreign Trade University. Having studied Public Management at the University of Indiana and majoring in Scientific Economics from the University of Manchester, she continued to work at the National Financial Supervisory Commission and the Ministry of Finance before choosing to become an economics lecturer.
Ms. Pham Phuong Thao researches economic application in public policy, especially in the field of education. She also expressed her opinions on various issues from an economic perspective, posting on her personal blog Pandora Noise (https://www.pandoranoise.com/the-blog). This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx