Comments

  • Wars and the Economy

    Yes, of course, because much of the industries were obliterated during the raids.
    I am discussing the myth that wars are good for the economy, just a misinterpretation as not all sections are read.
  • Wars and the Economy

    That is the point of my argument. The dead cannot complain.
  • Wealth in a nutshell according to my views.

    The current economic system depends on population pyramid, the day there is less population in future generations is the day when modern economy gets wrecked. Otherwise it is just a snowball rolling. Debt to pay debt.
  • Wealth in a nutshell according to my views.
    War boosts the economy because not only will land have less owners, but also because progress becomes leaner. A house without household has great value.
  • Wealth in a nutshell according to my views.
    What I think you're missing is that trade need not be limited to necessities. Why not use your surplus to buy that nice shiny rock the neighboring tribe has found?Echarmion

    I do believe that shiny rocks became a thing way after the concept of trade and wealth. After all, there was no other way to store value or divide assets. How else can you trade 7 chickens for one cow?
    Kill the cow and left 1/2 of it to rot is not a good business model.
    Salt was also a thing to store value but I could see mischievous children destroying stored wealth with water.
  • Wealth in a nutshell according to my views.
    That was the very first book I read on my own.
  • Wealth in a nutshell according to my views.
    You just said it. An illusion. I will read about the value of delayed gratification. Thank you for the tip.
  • Wealth in a nutshell according to my views.
    Is there no prestige without wealth? Is prestige just "what you think other people think about you". For instance, does prestige have a place on a desert island on your own? Does it have a place in anything other than a group of 3 or more people? I'm not sure I follow this, so I will also define what I understand wealth to be.Antidote

    This is exactly my point! There cannot be wealth if there is not a relative point of view of someone producing less.

    I wanted to move away from banking because wealth is older than banks and currency.
  • Wealth in a nutshell according to my views.
    This is exactly my point.
    Our view on wealth and how it is accumulated might be a little distorted. One thing it remains is that wealth goes in hand with prestige.
    Perhaps because prestige is the primary source of wealth?
  • Wealth in a nutshell according to my views.
    Of course. Food and shelter is not the only thing to trade. This is why this example takes place in early humanity, where few other necessities existed at the time.
    Remember that many of our needs are invented as we go along.
    In my example, the technology in had is very limited to the needs.