The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne

Exercise 3

A model of saintlihood and altruism, when Mother Teresa accepted the Nobel Prize for Peace in October 1979 and decided to use the $190,000 award to build a hospital for the treatment of people with leprosy, was she acting in her own interest? Was she behaving selfishly? Was she economizing? What about former Vice President Al Gore's promise to donate his portion of the $1.5 million 2007 Nobel award to the Alliance for Climate Protection?