Re: ECON: What Jim Legg doesn't understand

From: Max M (maxmcorp@inet.uni-c.dk)
Date: Mon Feb 03 1997 - 02:56:29 MST


From: Jim Legg
>#3 Given there are a finite nuber of people on this planet, each with a
>finite number of hours in the day to do work, and with a finite level
>of skills, as well as with a finite amount of resources to apply those
>skills and hours to to increase or add value, it is obvious that there
>would be a finite source of money.

That's not at all obvious. You forget to take a lot of things into acount:
Better tools, new inventions, effectivisation because of technological
progress...

You are conforming into traditional economic reasoning. Try studying a bit
more about positive sum economy.

MAX M Rasmussen
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