Økonomi og finans

TWO FINANCIAL SUCCESS BOOKS IN ONE VOLUME.The Science of Getting Rich is Wallace D. Wattle's work of the New Thought movement which describes the process by which one can focus one's mental energies towards the attraction of financial success.The Science of Getting Rich, is considered a philosophy of mind Science. With time-tested new thought principles and practices, including the technique of creative visualization, which Wattles himself practiced, it explains how riches come to us and how by simply using our will, acting in a certain way, and thinking the right thoughts, we can become rich. A compelling self-help classic, this book will help you understand the secrets to attaining what you truly desire.The Art of Money Getting, or, Golden Rules for Making Money was written by P. T. Barnum, who is widely known as an important historical entrepreneur and founder of the famous traveling circus. In this book Barnum shares his knowledge of business and teaches readers how to be successful in making money.This is an excellent book for individuals who are interested in learning from an important historical business leader's own personal success and also serves as an excellent motivational writing intended for those looking to be successful and make lots of money.

Like many concepts in international law, the definition of "necessity" varies widely depending on context. The concepts of necessity in different fields of international law can maintain their unique definitions while learning from each other, and thereby achieve coherence. This book presents the evolution of the concept of necessity, and discusses its definitions in nine different fields of international law. Centering customary international law and the law of the World Trade Organization in his analysis, Dr. Senai Andemariam examines the potential for interactions and coherence between concepts of necessity in various fields of international law.

A NEW HOPE, una nueva esperanza empresarial, es una reflexión en voz alta sobre los desafíos y errores comunes en el ámbito empresarial.Pedro Toledo enfatiza que ser empresario no es fácil y ofrece su libro como una pequeña fuente de consejos, historias y recomendaciones, desde su particular punto de vista, en ocasiones irreverente y quién sabe si faltón.El libro pretende ser una llamada de atención y una guía práctica para enfrentar la realidad empresarial, evitando errores comunes y con ello promover un cambio positivo en el mundo.El autor invita a los lectores a abordar el libro con una mente abierta, saltando entre capítulos según sea necesario, y subraya la importancia de entender el "porqué" detrás de emprender una empresa.A lo largo del texto, se mezclan humor, consejos prácticos y una perspectiva sincera sobre la vida empresarial, dirigida a aquellos dispuestos a enfrentar los desafíos sin caer en ilusiones de grandeza.

Die Praxis, Kapital wie Naturalien, Geld oder Boden gegen Zins zu überlassen, ist tief in der griechischen Wirtschaftsgeschichte verankert. Die zweibändige Dissertation von Gianna Hedderich beleuchtet den tokos (gr.: Zins) von mehreren Seiten: Band 1 bietet einen historischen Abriss des griechischen Zinswesens vom 6. bis 4. vorchristlichem Jahrhundert, der neben den verschiedenen Kreditarten (Seekredit, eranos, staatliche Anleihen etc.), der Spannbreite der Zinssätze und Rückzahlungsmodalitäten auch anhand ausgewählter Fallbeispiele ein detaillierter Einblick in die Praxis der Zinsnahme gewährt. Band 2 präsentiert mit fünf neu edierten und kommentierten Inschriften, u.a. der logistai-Inschrift (IG I3 369), ausgewählte Quellen zum Zinswesen und diskutiert dabei aktuelle Fragen der Editionswissenschaft wie z. B. das Verhältnis von Text und Dokument.

Wir leben in Zeiten tiefgreifenden Wandels. Wie bereiten wir uns auf eine Welt vor, die 25 Jahre in der Zukunft liegt? Eine geniale Antwort darauf ist Scenario Planning, das verschiedene mögliche Zukünfte mit Rückspiegelperspektive erkundet und für jede von ihnen Erfolgsstrategien entwickelt. Das hier vorgestellte Scenario Planning Extreme geht einen Schritt weiter und nimmt bewusst auch extreme Zukünfte mit schwarzen Schwänen in den Blick. Gemeint sind plötzliche Ereignisse, die immer wieder als unwahrscheinlich ausgeblendet werden und in Organisationen nicht selten zu katastrophalen Fehlentscheidungen führen. Dieses Buch ist sowohl Gebrauchsanleitung für Scenario Planning Extreme für alle Interessierten als auch Kaleidoskop des menschlichen Denkens, Wunschdenkens und Handelns, die ein erfolgreiches Meistern der Zukunft sowohl behindern als auch fördern können. Das Ziel: erfolgreich in jeder Zukunft. Zwei Kapitel über Migration nach Europa sowie Umgang mit psychoaktiven Substanzen zeigen, dass Scenario-Planning-Extreme-Analysen hilfreicher sind als Tabuisierungen.

This book presents a comprehensive overview of the development of various schools of economic thought. Written for students of economics and anyone interested in the history of economics, it introduces the economic thinking of major economists, including Adam Smith, David Ricardo, Karl Marx, and John Maynard Keynes, and explains how classical economics and modern schools of economic thought evolved also in relation to the social conditions and real economic problems they were trying to address. It covers topics such as the evolution of classical economics, the marginal revolution, the theory of capital and the Cambridge controversies, Keynes's General Theory, the neoclassical synthesis, and the history of macroeconomics. The author also reflects on the contemporary influence of various schools of economic thought and what answers they offer to present-day problems. The second edition is completely updated and offers two new chapters, one on the methodology of economics and another on economic growth. The final chapter presents and critically evaluates developments in macroeconomics in the years after the "Great Recession."

This book presents the economic heartbeat and institutional details that shaped Athenian society during the Classical period (508-323 BCE), employing an innovative and outside-the-box approach to studying history. It answers questions about societal structure, the roles of women, foreigners, and slaves, the transformation of their economy from agrarian to maritime, and commercially-oriented. 28 short fictional stories enliven the narrative, each accompanied by rigorous academic analysis - revealing how banking, insurance, and the Athenian drachma, the internationally accepted currency of the times, shaped their world.Exploring the symbiotic relationship between democracy and economic evolution, the book examines the sophisticated economic institutions of ancient Athens -ranging from property rights protection to market-driven price determination, anti-profiteering measures, measures to protect the Athenian currency¿s trustworthiness from forgery, business and labor mentality and practices, international trade patterns, as well as the existence of a robust public sector related also to the provision of a series of public goods. In a comprehensive analysis, the book scrutinizes daily life, societal structures, and customs, addressing a variety of questions such as marriage, cuisine, attire, values, and entertainment.Employing New Institutional Economics as a methodology, the book puts together historical evidence with institutional analysis, offering an interdisciplinary lens through economics, political science, strategy, and behavioral theory. Richly supported by ancient sources, inscriptions, and a vast modern bibliography, this work not only explains ancient Athens but also proposes its socioeconomic pattern as a guide for modern societal challenges in economic governance and democracy.

The book provides a comprehensive exploration of the the evolution in sustainability reporting and non-financial disclosure from three perspectives: regulatory, literary, and empirical. First, the book discusses the variety of frameworks and standards, normative sources, and regulatory initiatives aimed at promoting and standardizing sustainability reporting at the international level. Second, the book offers a systematic review of academic literature on sustainability reporting and non-financial disclosure. Third, the book examines the concept of materiality in sustainability reporting and provides an empirical analysis of the quantity and quality of materiality disclosures in sustainability reporting across the globe. The book concludes by discussing future directions for developments in sustainability reporting research and practice, and is relevant to academics, practitioners, and students interested in the intersection of sustainability, corporate reporting, and corporate finance.

This book is the first comprehensive history of the British Trade Corporation, which was constituted under a Royal Charter on 21st April 1917. Its charter was meant to last for sixty years, but in 1926, after a turbulent existence of only nine years, it was amalgamated with the Anglo-Austrian Bank, and absorbed into the Anglo-International Bank. The corporation together with its two main subsidiaries, the Levant Company and the National Bank of Turkey, conducted business not only in Britain but in Russia, Turkey, the Middle East and in Continental Europe. Although the corporation was not an agent of empire, it reflected Britain's imperialistic ambitions after the First World War. As a result, it invested in some of the most unstable regions of the world. It was also severely affected by British foreign policy, which was often misjudged and, at times, duplicitous, resulting in serious damage to British trade. Within five years of its launch, the British Trade Corporation needed to be refinanced. The economic downturn in the early 1920s and ongoing hostilities in Eastern Europe and the Near East meant that it struggled to survive. Its difficulties reflected many of those faced by Britain in general after the war and the need to come to terms with the new realities of the post-war world. Despite its innovative attempt to address the perceived deficiencies in Britain's financial system, especially in respect of industrial finance, the British Trade Corporation has been largely ignored by financial historians. Based on substantial archival research, this book rectifies this neglect and makes an important contribution to the financial history of interwar Britain.

This book, structured in two parts, gives a 360-degree view on integrated thinking, the foundation of integrated reporting, a rising trend in corporate reporting practice. This topic is particularly interesting in the context of new regulatory landscape, such as the Corporate Sustainability Reporting Directive (CSRD) in the EU (shaped by EFRAG's developments), alongside the IFRS Foundation's efforts towards global sustainability standards, both of which are shaping contemporary debates on sustainable value creation. The first part builds a framework for integrated thinking in a multidisciplinary perspective while the second part revises the framework in the light of practices, by bridging the gap with research findings in this field to date. The book concludes with the current shift of paradigm, and the need to address managerial questions in their complexity, building on knowledge across different specialized disciplines. The book will be of specific interest to accounting and finance teams and professional accounting bodies alongside those teaching or doing research within the fields of finance and accounting.

This textbook introduces fundamental concepts of game theory and demonstrates its uses and application in the social sciences. Written in plain English and without overwhelming mathematical jargon, it serves as an invaluable resource for undergraduate students in economics, law, political sciences, and related social sciences. Starting from non-cooperative games and progressing to cooperative games, it explores a wide range of topics, including the analysis of zero-sum games, voting rules and their practical implications, and other applications of game theory. Uniquely, it emphasizes cooperative concepts and their normative applications, providing a fresh perspective.With "Game Theory for the Social Sciences", readers will be equipped with the analytical tools to analyze conflict resolution, bargaining strategies, cooperative decision-making, and the dynamics of power relationships. Through engaging examples drawn from real-world scenarios, readers will develop a solid understanding of how game theory can be applied to diverse fields in social sciences.¿Pierre Dehez offers a consistent kit of classic game theoretic tools, from equilibrium concepts to bargaining solutions and power indices, all illustrated with insightful examples and applications.¿Françoise Forges, Professor of Economics, Université Paris Dauphine-PSL¿This book is written clearly and pedagogically without resorting to difficult mathematics. It provides many different and interesting examples from problems of fair sharing, bargaining to voting systems and many others. It is a perfect introduction to this subject too often quoted but too often misunderstood.¿Alan Kirman, Directeur d¿études, Ecole des Hautes Etudes en Sciences Sociales, Paris, and Emeritus Professor, Aix-Marseille University

This edited volume presents a multi-perspectival inquiry into the models that have shaped the study of ancient economies in past decades. The contributions collected here respond to the prevailing tendency to measure ancient Mediterranean economies using methods and techniques designed for assessing the performance of modern economies, considering a range of approaches that might generate a more socially and morally attuned history of the ancient Mediterranean. The volume explores the challenges of quantification and critically examines the ideological assumptions implicit within the models usually applied to the study of ancient economic performance. The chapters advocate for more inclusive alternatives to traditional ideas of 'growth' that take factors such as social inequality, fairness, wellbeing and the relationship between humans and the natural environment into consideration. The book examines through a series of different questions the importance of querying the appropriateness of economic methods from an ethical or socially aware position. Rather than condemning older models, methods, and points of view for their inadequacies, this book focuses on leveraging the benefits from existing methods in economics and suggesting new frameworks to reach toward historical approaches that are both methodologically sophisticated and attuned to the moral, ethical, and political concerns of the twenty-first century. This book will be a valuable resource for interdisciplinary researchers in economics, economic history, ancient history and archaeology.

Wealth 101 for women entrepreneurs.If you are an entrepreneur, you have to do things yourself, and that includes building yourself a retirement. This book describes the things you have to put in place to have financial success.

"Smooth Sailing Leadership" presents a transformative approach to management, likening effective leadership to the art of sailing. Discover practical strategies for embracing the Captain Sailor Mentality, navigating challenges with finesse, fostering communication, adaptability, collaboration, recognition, resilience, and prioritizing team well-being. This essential guide empowers leaders to steer their teams toward success in the ever-changing seas of administration.

Before the First Opium War, from 1839-1842, China had long had substantial commercial activity. After Europeans forced the country to open up to the West, one of the Western ideas to which China was exposed was economic liberalism. This way of thinking had never cohered as a doctrine in China, even though aspects of it can be found in older Chinese thought.After 1842, many influential people in China came to see economic liberalism as the key to saving China. Similar claims would be made at various times for social Darwinism, women's rights, Christianity, and ultimately Marxism, under which economic liberalism was tarred as nothing more than a façade for colonial exploitation. After 1949, under Marxism, China was driven to extreme. Then, in desperation, its leaders awkwardly harnessed economic liberalism in practice to Marxism in theory. This harnessing of liberalization unleashed prosperity and substantial social changes, beginning in the late 1970s. But today the leaders of the Chinese Communist Party (CCP) want, above all, to maintain power, and they fear China now has too much economic liberalism.

Just months after retiring at the age of 35 and selling her staffing business for seven figures, Heidi McNulty lost her husband to PTSD-related suicide. As the mother of three young children facing a mountain of uncertainty, McNulty was determined to protect all that she had built for her family-and committed to evolving her mindset and values in order to survive. In Buying Time, McNulty teaches young entrepreneurs the foundational strategies she used to achieve her own financial independence, sharing hard-earned lessons about how financial hygiene can "buy time" when you're faced with unexpected life crises. McNulty's service-oriented approach and easy-to-follow guidelines on investing, budgeting and mentorship will teach you how to: -Become debt-free while building up savings for future investing-Grow any kind of business sustainably and profitably-Build assets that will put cash in your pocket and pay your bills-Develop your own value by focusing and refining your goals And much more. In all, Buying Time is a unique guide to personal finance that prepares young people for life's unpredictability by focusing on what matters most: investing in their values and embracing a growth mindset for emotional and financial resilience.

Six essential steps to your millionaire status.In the transformative book "Becoming the Millionaire Employee," readers are offered an unconventional roadmap to achieving financial independence without the need to leap into the uncertain world of entrepreneurship. Through a clear, concise, and actionable plan, this book dismantles the myth that only business owners can amass significant wealth, instead illustrating how everyday employees can turn their salaries into substantial personal fortunes.The United States, a nation where 3 million of its citizens are millionaires, is fertile ground for the aspiring millionaire employee. With a compelling and motivational tone, the book addresses its audience directly, acknowledging the untapped potential within educated, debt-free individuals who have yet to harness the power of their positions in society to build wealth.Drawing upon the stark reality that families, friends, and even educators may not have the knowledge to guide one on this journey, "Becoming the Millionaire Employee" positions itself as the missing manual for financial success. It emphasizes that while traditional education fails to impart crucial financial wisdom, anyone can learn the essential strategies to manage and multiply their earnings.The book systematically breaks down the steps taken by millions who have achieved millionaire status through employment. It speaks to the heart of the American Dream, where financial success is not an exclusive club for the self-employed or the inheritors of wealth, but a reachable goal for those who choose to follow a disciplined and informed path.Readers are promised a departure from the empty allure of get-rich-quick schemes, instead being equipped with practical knowledge to avoid common financial pitfalls. The book is an advocate for wise decision-making, strategic planning, and a steadfast commitment to responsible financial management. It highlights the significance of earning, saving, investing, and spending wisely-skills not often taught at home or in the classroom, but skills that are critical to one's financial ascent.Authoritative yet accessible, "Becoming the Millionaire Employee" does not just preach financial literacy; it provides a blueprint for it. The author's educational background, an MBA and a Doctorate from a prestigious business school, lends credibility to the assertion that conventional business education often overlooks personal wealth management in favor of corporate wealth creation.This book is a clarion call to the reader to reject societal misconceptions about wealth and to embrace the possibility that the journey to becoming a millionaire can begin today. It is a guide that promises clarity, direction, and assurance that financial independence is within reach for those willing to learn and apply the principles that have already paved the way to prosperity for countless individuals.With "Becoming the Millionaire Employee," the path to wealth is demystified and laid out with a promise: follow these principles, and join the ranks of the one in twenty neighbors who have already crossed the millionaire threshold. Start your journey and become not just a participant in the economy, but a master of your own financial destiny.

Artificial Intelligence (AI) is today widely implemented in finance. It is used in many ways, ranging from financial analysis to fraud detection.What were once manual and time-consuming tasks can now be done by AI in a fraction of the time and with greater accuracy. But there is so much about AI that it can be overwhelming: What it is? And how can it be implemented?Prabash Galagedara, a bestselling author on AI and an industry executive with over 20 years of experience in data and analytics, finance and technology, outlines in simple terms the different components and aspects of AI as well as its applications.AI for Finance Professionals is not just written for finance professionals but also suitable for novices in AI.

In The Perceptive Investor, financial guru and global fund manager Ardal Loh-Gronager shows how by learning the lessons of hundreds of present and historical figures anyone can understand the full investment landscape and so be able to confidently participate in it. As he himself says, 'I have done it myself and I am no smarter than anyone else who reads this book, all the first step requires is intellectual curiosity and you have already taken that step...by reading this book.'

This book is a culmination of experiences put into writing. They are not just my experiences, but the experiences of the tens of thousands of investors I have had the opportunity to teach, the tax returns and financial data of so many successful investors that I have had the opportunity to review, and the experiences of fellow teachers. Many of the strategiesherein were designed in conjunction with some fantastic investors who have achieved amazing results. For example, when I write about the stock market landlord, I rely heavily on Markay Latimer, a friend and investor, whom I knew in 1999 when she took a $2,000 stock trading account and grew it to over $2 million. Without her input and assistance, I never would have been able to put into words what has been a blessing for so many. Or Jerry Guite, who was the source of so ma ny introductions to successful entrepreneurs and investors throughout my life and a key encourager for me to create my own path. There are many others who provided input and inspiration including David McShane, Erik Dodds, Michael Kramer, Aaron Adams, Clint Coons, Patti Peery, Michael Bowman and David Gass, just to name a few; but the point is that this is not a work of one man's opinion. This is a path paved by the experiences of many that I simply point out so that you can follow their example and get similar results.

In this book, Brian Baugus examines home schooling as an education enterprise, arguing that successful home school families have the same characteristics and motivations as entrepreneurs. Baugus examines the history and economic theories behind home schooling to explain the rational decision-making that motivates home schooling endeavors, examining dissatisfaction with mainstream education, expectations of return on investment, and resistance from established providers.

We understand your fears and concerns when buying a vehicle from a dealership. With the reputation of the auto industry being full of sleazy salesmen just waiting to take advantage of you, it is easy to see why so many are worried about their next vehicle purchase. Add to that the horror stories of thousands lost and credit hurt, and it's no wonder the car sales industry has a bad reputation.But we are here to help you. Combined, we have over 25 years of experience in the auto industry and have sold thousands and thousands of vehicles. We know the ins and outs of the industry and we are going to share that insider information so you can buy your next vehicle with confidence.Before you purchase your next vehicle, you will know: Where to start your vehicle-buying journey, and it's not where you think.How to actually get the best deal.What the different buying options mean, and which is best for you.The best time to buy your vehicle.How to make sure the vehicle is right for you.How to build, and not hurt, your credit.And so much more, all given to you in an easy-to-understand way so that you can make your next vehicle purchase with confidence.

The Options Wheel strategy will transform the way you approach investments and tradingThis book will be your guide on your journey toward financial growth. It will teach you everything you need to know without overwhelming you with jargon and complicated techniques. It is ideal for ambitious beginners who wish to set reasonable expectations and get a deep understanding of the strategies they can use to reshape their financial future.While this book is easy to follow and understand, it offers a comprehensive exploration of the Options Wheel strategy. It explains how this strategy aligns with your goals of obtaining consistent income streams, covers the basics of the strategy, and teaches you how to master cash-secured puts and covered calls. You'll find a step-by-step guide on how to implement the Options Wheels strategy and how to put advanced techniques into use. All the concepts in the book are broken down into manageable sections and supported by real-world examples.

Slowing economic growth and debt fatigue continue to hamper fiscal policy in the United States. The question is whether there is an alternative path to the one projected in CBO long term forecasts, and if so, how citizens can choose this alternative path. The experiences of Germany, Sweden, and Switzerland reveal that an alternative path of sustainable debt is possible, and that citizens in a democratic society are capable of choosing that path. This book explores the potential impact of Swiss-style fiscal rules on the U.S. budget and the economy over the next three decades. The dynamic simulation analysis reveals that with these fiscal rules in place, it is possible for the U.S. to stabilize and reduce debt to sustainable levels over the forecast period. The government must preserve policy credibility by demonstrating a commitment to meet the challenges of economic shocks. The recent economic crises have provided a learning experience, and the rules-based macroeconomic framework required for this new era may differ significantly from that of the past. With new fiscal rules in place, the U.S. can restore long term economic growth. However, empirical analysis reveals how difficult this challenge will be, and why the U.S. is likely to continue to experience debt fatigue.

This volume explores and engages with the key thinkers and ideas of the Austrian School of economics to better understand how individuals coordinate their separate interests in a peaceful and productive manner by unintentionally forming not only market prices but also rules, customs, cultural norms and other institutional arrangements that allow specialization and trade. Together, these dynamics generate a market order by ameliorating the potential for social conflict, and, in turn, facilitate the conditions for social cooperation and specialization under the division of labor. The diversity in topics and approaches will make the volume of interest to readers in a variety of fields, including anthropology, economics, entrepreneurship, history, philosophy, political science, and public policy.

As countries recover from the coronavirus pandemic, they are confronted with an even more challenging debt crisis. Xavier Debrun argues in the foreword that in deciding where we go from here that there is no longer a consensus regarding the optimum design and enforcement of fiscal rules. Rather we must address a series of questions and challenges to the conventional wisdom. This book provides an opportunity for scholars to explore these questions from an international perspective, with reference to European countries, and emerging nations as well as the United States.

The debate over Universal Basic Income (UBI) has spanned political ideologies and policy issues. What arguments for and against UBI are important to different progressive political ideologies? This book answers this question from an interdisciplinary perspective, incorporating insights from policy analysis, political theory, and philosophy.

Applying the demand-led growth models framework, this book examines the recent macroeconomic performance of the key Mediterranean economies - Italy, Spain, Portugal and Greece - including the responses to the economic and financial crisis (2008), the debt crisis (2010) and the Covid-19 crisis (2020).As the book explains, the central idea of the growth model approach is that the widespread breakdown of the old labor institutions, such as the existence of strong unions, centralized wage bargaining, and the participation of the workforce in corporate governance, has led to a fall in the wage share and a rise in inequality in most advanced economies. Thus, the two main contemporary growth models are usually characterised as debt-led and export-led. In both models, the same processes that cumulatively drive growth, such as over-consumption, also simultaneously undermine the foundations on which this expansion takes hold.The book examines the extent to which these processes hold true for the Mediterranean economics and explore the key factors of their economies including productive capacity, growth of aggregate demand components, wage-led or profit-led regimes, personal income distribution, the foreign sector, the financial sector, labor relations, the labor market and welfare states. In particular, the book examines whether policy responses and state interventions in recent years have led to a divergence between the economies. To what extent are these changes transforming the existing growth models? Are we facing a change in the Mediterranean model or the disappearance of the Mediterranean bloc as a whole?This book marks a significant addition to the literature on the economics and politics of Southern Europe and the fields of political economy, comparative economics and macroeconomics more broadly.

Applied econometrics uses the tools of theoretical econometrics and real-word data to develop predictive models and assess economic theories. Due to the complex nature of such analysis, various assumptions are often not understood by those people who rely on it. The danger of this is that economic policies can be assessed favourably to suit a particular political agenda and forecasts can be generated to match the needs of a particular customer. Ethics in Econometrics argues that econometricians need to be aware of potential ethical pitfalls when carrying out their analysis and that they need to be encouraged to avoid them. Using a range of empirical examples and detailed discussions of real cases, this book provides a guide for research practices in econometrics, illustrating why it is imperative that econometricians act ethically in terms of the way they conduct their analysis and treat their data.

What can today's behavioural economists learn from the classical liberals of the past? Here, Erik Matson offers critical reflections on what he calls 'the new paternalism' - a modern-day approach to policy-making that aims to make individuals better off, when judged by their own standards. He argues that the new paternalist approach to policy is far too prescriptive, relying on inappropriate conceptions of rationality and welfare. And he looks to the works of two giants of economics and philosophy - Adam Smith and David Hume - for a richer vision. He places Smith and Hume's 18th-century writings into a contemporary context - and concludes that today's practitioners could learn much from their wisdom. This wisdom, he contends, acknowledges the deep complexities of rationality and welfare. It shows why policymakers should focus on securing citizens the freedom to cultivate their interests, and why regulators should employ the power of persuasion - rather than paternalism - to help individuals help themselves.