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Author: James R. Otteson
Publisher: Cambridge University Press
ISBN: 1108910408
Category : Business & Economics
Languages : en
Pages : 325
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Book Description
You have heard of the Seven Deadly Sins: pride, greed, lust, envy, gluttony, wrath, and sloth. Each is a natural human weakness that impedes happiness. In addition to these vices, however, there are economic sins as well. And they, too, wreak havoc on our lives and in society. They can seem intuitively compelling, yet they lead to waste, loss, and forgone prosperity. In this thoughtful and compelling book, James Otteson tells the story of seven central economic fallacies, explaining why they are fallacies, why believing in them leads to mistakes and loss, and how exorcizing them from our thinking can help us avoid costly errors and enable us to live in peace and prosperity.
Author: James R. Otteson
Publisher: Cambridge University Press
ISBN: 1108910408
Category : Business & Economics
Languages : en
Pages : 325
Get Book
Book Description
You have heard of the Seven Deadly Sins: pride, greed, lust, envy, gluttony, wrath, and sloth. Each is a natural human weakness that impedes happiness. In addition to these vices, however, there are economic sins as well. And they, too, wreak havoc on our lives and in society. They can seem intuitively compelling, yet they lead to waste, loss, and forgone prosperity. In this thoughtful and compelling book, James Otteson tells the story of seven central economic fallacies, explaining why they are fallacies, why believing in them leads to mistakes and loss, and how exorcizing them from our thinking can help us avoid costly errors and enable us to live in peace and prosperity.
Author: Milkyway Media
Publisher: Milkyway Media
ISBN:
Category : Business & Economics
Languages : en
Pages : 8
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Book Description
Please note: This is a companion version & not the original book. Book Preview: #1 While it is true that markets are competitive, and that some firms will succeed and others will fail, this does not have to be a negative thing. Because markets are positivesum, not zerosum, the wealth they create is positivesum as well. #2 There are two main ways to get something from someone: by taking it forcibly from them, or by defrauding them and promising to pay them in the future but not doing so. These are examples of zerosum exchanges. #3 Until about 1800, the average person’s percapita wealth was extremely low, between $1 and $3 per day. But there is another way to get what you want from another person: make an offer of exchange that the other party is free to accept or decline. If both parties benefit from the exchange, it is a positivesum exchange. #4 The morally superior way to deal with others is to engage in cooperative exchanges instead of extractive ones. This was a great leap forward in human morality, and it has become clear that the only properly moral way to deal with others is to treat them as equals in dignity and agency.
Author: Everest Media,
Publisher: Everest Media LLC
ISBN: 1669353931
Category : Business & Economics
Languages : en
Pages : 8
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Book Description
Please note: This is a companion version & not the original book. Sample Book Insights: #1 While it is true that markets are competitive, and that some firms will succeed and others will fail, this does not have to be a negative thing. Because markets are positive-sum, not zero-sum, the wealth they create is positive-sum as well. #2 There are two main ways to get something from someone: by taking it forcibly from them, or by defrauding them and promising to pay them in the future but not doing so. These are examples of zero-sum exchanges. #3 Until about 1800, the average person’s per-capita wealth was extremely low, between $1 and $3 per day. But there is another way to get what you want from another person: make an offer of exchange that the other party is free to accept or decline. If both parties benefit from the exchange, it is a positive-sum exchange. #4 The morally superior way to deal with others is to engage in cooperative exchanges instead of extractive ones. This was a great leap forward in human morality, and it has become clear that the only properly moral way to deal with others is to treat them as equals in dignity and agency.
Author: Warren Mosler
Publisher: Davin Patton
ISBN: 0692009590
Category : United States
Languages : en
Pages : 63
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Book Description
"Here, Warren Mosler identifies and debunks seven entrenched ideas keeping the economy in a downward trajectory. In this ... book, he exposes commonly-held beliefs, such as 'deficits leave the debt burden to our children' and 'Social Security is broken,' to be economic myths. In addition to correcting these mindsets, Mosler promotes the restoration of the American economy with practical and feasible proposals. Along the way, he explains the operational realities of the monetary system in clear, down-to-earth language"--Book jacket.
Author: Bob Ivry
Publisher: PublicAffairs
ISBN: 161039366X
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
We all know that the financial crisis of 2008 came dangerously close to pushing the United States and the world into a depression rivaling that of the 1930s. But what is astonishing -- and should make us not just afraid but very afraid -- are the shenanigans of the biggest banks since the crisis. Bob Ivry passionately, eloquently, and convincingly details the operatic ineptitude of America's best-compensated executives and the ways the government kowtows to what it mistakenly imagines is their competence and success. Ivry shows that the only thing that has changed since the meltdown is how too-big-to-fail banks and their fellow travelers in Washington have nudged us ever closer to an even bigger economic calamity. Informed by deep reporting from New York, Washington, and the heartland, The Seven Sins of Wall Street, like no other book, shows how we're all affected by the financial industry's inhumanity. The transgressions of "Wall Street titans" and "masters of the universe" are paid for by real people. In fierce, plain English, Ivry indicts a financial industry that continues to work for the few at the expense of the rest of us. Problems that financiers deemed too complicated to be understood by ordinary folks are shown by Ivry to be financial legerdemain -- a smokescreen of complexity and jargon that hide the bankers' nefarious activities. The Seven Sins of Wall Street is irreverent and timely, an infuriating black comedy. The Great Depression of the 1930s moved the American political system to real reform that kept the finance industry in check. With millions so deeply affected since the crisis of 2008, you'll finish this book asking yourself how it is that so many of the nation's leading financial institutions remain such exasperating problem children.
Author: James R. Otteson
Publisher: Cambridge University Press
ISBN: 1108843379
Category : Business & Economics
Languages : en
Pages : 325
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Book Description
Compelling basic principles of economics every citizen should know to enable better personal decision-making and better evaluation of public policy.
Author: Mike Guillaume
Publisher:
ISBN: 9781907720680
Category : Business & Economics
Languages : en
Pages : 286
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Book Description
Guillaume deals with the sins of capitalism in a work that contains much moreon the negatives than about the positives.
Author: Robert Skidelsky
Publisher: Other Press, LLC
ISBN: 1590515080
Category : Political Science
Languages : en
Pages : 257
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Book Description
A provocative and timely call for a moral approach to economics, drawing on philosophers, political theorists, writers, and economists from Aristotle to Marx to Keynes. What constitutes the good life? What is the true value of money? Why do we work such long hours merely to acquire greater wealth? These are some of the questions that many asked themselves when the financial system crashed in 2008. This book tackles such questions head-on. The authors begin with the great economist John Maynard Keynes. In 1930 Keynes predicted that, within a century, per capita income would steadily rise, people’s basic needs would be met, and no one would have to work more than fifteen hours a week. Clearly, he was wrong: though income has increased as he envisioned, our wants have seemingly gone unsatisfied, and we continue to work long hours. The Skidelskys explain why Keynes was mistaken. Then, arguing from the premise that economics is a moral science, they trace the concept of the good life from Aristotle to the present and show how our lives over the last half century have strayed from that ideal. Finally, they issue a call to think anew about what really matters in our lives and how to attain it. How Much Is Enough? is that rarity, a work of deep intelligence and ethical commitment accessible to all readers. It will be lauded, debated, cited, and criticized. It will not be ignored.
Author: Eileen Bell
Publisher: Absolute XPress
ISBN: 1894817524
Category : Fiction
Languages : en
Pages : 54
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Book Description
About the Book: The essence of The Seven Deadly Sins (Envy, Gluttony, Greed, Lust, Pride, Sloth and Wrath) are captured in this anthology of flash fiction (fiction of extreme brevity) stories! Written by four amazing writers, their flurry of words and polished sentences reveal each of the 'sins' in a manner unique to each author. Some stories reveal the entrapment in a single scene, others exposed the characters’ fall from grace over a longer period of time. Over all these short stories accomplish their mission and show off the seven deadly sins in a style that is easy to read and hard not to enjoy.
Author: Samuel Cameron
Publisher: Edward Elgar Publishing
ISBN: 9781843767008
Category : Business & Economics
Languages : en
Pages : 252
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Book Description
This work examines the definition and evolution of sin from the perspective of rational choice economics. The author argues that because engaging in activities deemed to be sinful is an act of choice, it can therefore be subject to the logic of choice in the economic model.
