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I like "How to Make Wealth" because he doesn't beat around the bush, he just come out and says that "wealth" is nothing more than an "object of the desire to po
by dbpokorny 11y ago
I like "How to Make Wealth" because he doesn't beat around the bush, he just come out and says that "wealth" is nothing more than an "object of the desire to possess" and if you can do something that increases some else's desire-to-possess something that you have or control, then you are creating wealth.
> Suppose you own a beat-up old car. Instead of sitting on your butt next summer, you could spend the time restoring your car to pristine condition. In doing so you create wealth
Whether or not you agree with this "metaphysics of wealth" it is a good read because it illustrates some intuition behind economic theory.