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However you like to think about the end result is more dollars in my pocket - yes?
by taf2 10y ago
However you like to think about the end result is more dollars in my pocket - yes?
- dredmorbius 10y agoIt's a net decrease in total wealth, if you include natural capital in that metric. Various authorities differ on that. As early as the late 19th century, Adam Smith's biographer and scholar Edwin Cannan was noting that Smith's definition of wealth, "the annual labour and produce of the nation", doesn't account for natural capital: farmland, forests, fisheries, game, topsoil, and natural resources.