ECONOMIC LITERACY
Understanding that economic systems are manmade and can be manipulated allow us to reconceptualize value in society. Considering the external consequences of our economic choices requires us to think more broadly than capital accumulation
TRYING TO DISPLACE
Economic decisions that ignore the costs of delay. Incomplete cost analysis which fails to incorporate externalities into the equation.
TOTAL COST ACCOUNTING
LANDLORD'S GAME
OPPORTUNITY COST
VELOCITY
"The best way to ensure success in the stock market is to have invested 10 years ago"
Chuck Cooper
"The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to avoid being deceived by economists "
Joan Robinson
"Don't eat your seed corn."
Folk Wisdom
COMPLETING CAPITALISM