Tag: profit
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Economics at the Jesus Creed: Michael Kruse 7
My seventh installment of ten on economics is up at Jesus Creed. Today we are looking at the idea of profit. Please join us there for conversation: Economics at the Jesus Creed: Michael Kruse 7
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Economic Fallacies: “Capitalism Based on Greed”
The "Capitalism Based on Greed" fallacy says that greed and selfishness are inherent in capitalism. The assertion that capitalism is based on greed and selfishness is one of the most common fallacies. This fallacy has many layers, but we must first acknowledge that greed exists within capitalism, just as it does in every economic system!…