Tag: economics humor
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The Essential Difference Between Economic Systems
Can you identify the essential difference between economic systems? I am just finishing up R. Paul Stevens' Doing God's Business. At the beginning of Chapter 3, he has a wonderful excerpt from Richard Higginson's Questions of Business Life (pages 25-26) on economic systems. Feudalism You have two cows. Your lord takes some of the milk.…
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Economics Quote
Quotations Page "Economics is extremely useful as a form of employment for economists." John Kenneth Galbraith