4 ms·
A catalog of wealth-creation mechanisms (2009)
- nkurz 8y agoAdditional comments from about a decade ago: https://news.ycombinator.com/item?id=873125 https://news.ycombinator.com/item?id=873125
- marcosdumay 8y agoSo, did after a decade did somebody get an way that is missing from the list?
- gumby 8y ago> Bonus question: what did the U.S. give to China in exchange for its china?) Gold.
- fegu 8y agoThe article says fur.
- marcosdumay 8y agoIt's very rare in history to have some long-term trade with asymmetric gold movements.
- simon_acca 8y agoThe book "Personal MBA" by Josh Kaufman also covers this in good detail: https://personalmba.com/12-standard-forms-of-value/ https://personalmba.com/12-standard-forms-of-value/
- Emma_Goldman 8y agoIs 9c misplaced? 'Provide information that is useful in and of itself. This includes journalism and creative writing'. The author has already listed knowledge of how to do any of the other mechanisms more efficiently and effectively (9a). In what sense is non-instrumental knowledge a fundamental source of wealth? It might be exchanged for wealth, but it is not a form of wealth itself. It is a different paradigm of activity. The author's use of the adjective 'useful' here is surely a misnomer, too. It's also notable that one of the fundamental forms of wealth accumulation historically - different ways of securing and organising the labour of other humans - is excluded from the list.
- kjhughes 8y agoWonderful piece by Ron Garret. See also his Wealth-production mechanisms: a followup post: http://blog.rongarret.info/2009/10/wealth-production-mechanisms-followup.html http://blog.rongarret.info/2009/10/wealth-production-mechani...
- deleted 8y ago[deleted]