Tuesday, April 04, 2006

One of the many grouses I have with our current setup for economics is its inability to impress upon us the fact that the zero sum game doesnt always work in the real world.

Most people see a gain by one lead to a corresponding loss for another....

Mercantilism.. a popular school of thought in the 17th century with variants being the mainstay of current national policies worldwide based its entire foundation on this.

Most dont realise that a gain by one may generate gains for another through secondary linkages. These gains would be further dispersed through tertiary linkages and so on.

Infact, as pointed out by many, a global symmetry is seen regarding economic booms and contractions... growth rates across the board are directly proportional to each other.

Altruism is an investment after all....


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