Tag: Economics
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Transactional Correctness, The Key to a Healthy Economy
The degree to which the average transaction in a market reflects the intention to do what is just is the degree to which we have a healthy economy that does not need to be managed.
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Business Models: Understanding their Limits
Business models are a refined abstraction of what worked for a group of people in a certain context. Refined through language with all of the generalisations, deletions and distortions inherent in “explanatory language.”
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Economics: The Study of Legitimate Transaction
In fact, when considering the issue of economy, I have found it useful to reduce the magnitude of the basic constituent unit of the economy even further than individual people to the individual transaction.
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To Pay or Not to Pay… Is Money the Problem?
The cause of the problem of inequality and poverty is a result of the underlying assumption of economic theory regarding what it means to be a rational agent.
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Why We’re in a New Gilded Age – Paul Krugman
… we’re also on a path back to “patrimonial capitalism,” in which the commanding heights of the economy are controlled not by talented individuals but by family dynasties.