Mission statement: On this blog we explore why homeschooling can be a better option for children and families than a traditional classroom setting. We'll also explore homeschooling issues in general, educational thoughts, family issues, and some other random stuff.
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
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.
2 comments:
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
Good point.
This video makes a similar point.
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