3 ms·
> Is Peter assuming that economy is a zero-sum game? Of course production is also part of the economy but that is not what he's modelling. He's modelling the d
by anoncake 7y ago
> Is Peter assuming that economy is a zero-sum game?
Of course production is also part of the economy but that is not what he's modelling. He's modelling the distribution of the wealth created.
Of course you could model positive-sum trades but that just affects how much wealth is distributed after in each transaction, not how.
> A rather controversial choice: happiness is probably much correlated to absolute rather than relative wealth,
Absolutely not. Else our ancestors would all have died of depression in the stone age.