Seven Deadly Economic Sins - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Seven Deadly Economic Sins write by James R. Otteson. This book was released on 2021-04-08. Seven Deadly Economic Sins available in PDF, EPUB and Kindle. Compelling basic principles of economics every citizen should know to enable better personal decision-making and better evaluation of public policy.
Seven Deadly Innocent Frauds of Economic Policy
Seven Deadly Innocent Frauds of Economic Policy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Seven Deadly Innocent Frauds of Economic Policy write by Warren Mosler. This book was released on 2010. Seven Deadly Innocent Frauds of Economic Policy available in PDF, EPUB and Kindle. "Here, Warren Mosler identifies and debunks seven entrenched ideas keeping the economy in a downward trajectory. In this ... book, he exposes commonly-held beliefs, such as 'deficits leave the debt burden to our children' and 'Social Security is broken,' to be economic myths. In addition to correcting these mindsets, Mosler promotes the restoration of the American economy with practical and feasible proposals. Along the way, he explains the operational realities of the monetary system in clear, down-to-earth language"--Book jacket.
Seven Deadly Economic Sins
Seven Deadly Economic Sins - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Seven Deadly Economic Sins write by James R. Otteson. This book was released on 2021-04-08. Seven Deadly Economic Sins available in PDF, EPUB and Kindle. You have heard of the Seven Deadly Sins: pride, greed, lust, envy, gluttony, wrath, and sloth. Each is a natural human weakness that impedes happiness. In addition to these vices, however, there are economic sins as well. And they, too, wreak havoc on our lives and in society. They can seem intuitively compelling, yet they lead to waste, loss, and forgone prosperity. In this thoughtful and compelling book, James Otteson tells the story of seven central economic fallacies, explaining why they are fallacies, why believing in them leads to mistakes and loss, and how exorcizing them from our thinking can help us avoid costly errors and enable us to live in peace and prosperity.
Summary of James R. Otteson's Seven Deadly Economic Sins
Summary of James R. Otteson's Seven Deadly Economic Sins - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Summary of James R. Otteson's Seven Deadly Economic Sins write by Milkyway Media. This book was released on 2022-04-21. Summary of James R. Otteson's Seven Deadly Economic Sins available in PDF, EPUB and Kindle. Please note: This is a companion version & not the original book. Book Preview: #1 While it is true that markets are competitive, and that some firms will succeed and others will fail, this does not have to be a negative thing. Because markets are positivesum, not zerosum, the wealth they create is positivesum as well. #2 There are two main ways to get something from someone: by taking it forcibly from them, or by defrauding them and promising to pay them in the future but not doing so. These are examples of zerosum exchanges. #3 Until about 1800, the average person’s percapita wealth was extremely low, between $1 and $3 per day. But there is another way to get what you want from another person: make an offer of exchange that the other party is free to accept or decline. If both parties benefit from the exchange, it is a positivesum exchange. #4 The morally superior way to deal with others is to engage in cooperative exchanges instead of extractive ones. This was a great leap forward in human morality, and it has become clear that the only properly moral way to deal with others is to treat them as equals in dignity and agency.
Summary of James R. Otteson's Seven Deadly Economic Sins
Summary of James R. Otteson's Seven Deadly Economic Sins - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Summary of James R. Otteson's Seven Deadly Economic Sins write by Everest Media,. This book was released on 2022-03-13T22:59:00Z. Summary of James R. Otteson's Seven Deadly Economic Sins available in PDF, EPUB and Kindle. Please note: This is a companion version & not the original book. Sample Book Insights: #1 While it is true that markets are competitive, and that some firms will succeed and others will fail, this does not have to be a negative thing. Because markets are positive-sum, not zero-sum, the wealth they create is positive-sum as well. #2 There are two main ways to get something from someone: by taking it forcibly from them, or by defrauding them and promising to pay them in the future but not doing so. These are examples of zero-sum exchanges. #3 Until about 1800, the average person’s per-capita wealth was extremely low, between $1 and $3 per day. But there is another way to get what you want from another person: make an offer of exchange that the other party is free to accept or decline. If both parties benefit from the exchange, it is a positive-sum exchange. #4 The morally superior way to deal with others is to engage in cooperative exchanges instead of extractive ones. This was a great leap forward in human morality, and it has become clear that the only properly moral way to deal with others is to treat them as equals in dignity and agency.
