Tag: The Trading Game
-
Living Simply in Abundance (3)
From where does economic wealth and abundance come? I think there are two primary sources: Production and trade. Production is quite obvious to most folks. The earth furnishes us with abundant raw materials, but human labor transforms the resources into something useful. The most ancient form of wealth creation goes back to cultivating and herding.…
-
Economic Fallacies: “Zero-Sum Game”
The Zero-Sum Game Fallacy views wealth as a fixed quantity meaning the only way someone gets wealthy is at someone else's expense. There are three possible types of games in the world. First, there is the lose-lose game. There are not many examples of this one. I always think of the 1983 movie War Games…