Critiques of conventional models for evaluating the utility of organizational human resource policies. Questions the implicit assumption that utilities are invariant across changing labor market conditions, and concludes that omission of these considerations overstates the likely utility of the programs being evaluated. (TE)

Designed for high school economics students as a public service project of the American Fletcher National Bank, the booklet examines the American free enterprise system as it relates to the traditional lemonade stand and its ability to make a profit. The parallel is made by considering some basic principles: (1) the constant need for capital to…