Free Enterprise in Three Minutes Podcast with Ray Keating
Episode #11: The Economy Is Not a Zero-Sum Game
May 10, 2018
The economy is not like poker, not like a sports game, and not about zero-sum thinking. This point matters because all sorts of bad economic ideas are rooted in mistaken zero-sum thinking, that is, the misguided idea that if one person gains in the economy, another person must lose.