Tuesday, November 08, 2011

Great point - we don't have to have a fixed pie

I like this thought:

Most economic fallacies derive from the tendency to think that there is a fixed pie—that one party can gain only at the expense of another.”
-Milton Friedman

2 comments:

Luke said...

Something just struck me while reading this: Perhaps this is because we are trained to become workers, who trade our time for money. We don't actually see value creation, we see a trade and hope that it's fair. Instead, we should be trained to see value creation in work. By offering this product or service, I am bettering the life of another for a few dollars they earned by adding value to someone else's life.

When I think of work like that, it makes way more sense that we can keep making pies and not just fight over the crumbs of the current one.

~Luke

Henry Cate said...

Good point.

This video makes a similar point.