Seven Deadly Economic Sins

Seven Deadly Economic Sins PDF Author: James R. Otteson
Publisher: Cambridge University Press
ISBN: 1108910408
Category : Business & Economics
Languages : en
Pages : 325

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Book Description
You have heard of the Seven Deadly Sins: pride, greed, lust, envy, gluttony, wrath, and sloth. Each is a natural human weakness that impedes happiness. In addition to these vices, however, there are economic sins as well. And they, too, wreak havoc on our lives and in society. They can seem intuitively compelling, yet they lead to waste, loss, and forgone prosperity. In this thoughtful and compelling book, James Otteson tells the story of seven central economic fallacies, explaining why they are fallacies, why believing in them leads to mistakes and loss, and how exorcizing them from our thinking can help us avoid costly errors and enable us to live in peace and prosperity.

Seven Deadly Economic Sins

Seven Deadly Economic Sins PDF Author: James R. Otteson
Publisher: Cambridge University Press
ISBN: 1108910408
Category : Business & Economics
Languages : en
Pages : 325

Get Book

Book Description
You have heard of the Seven Deadly Sins: pride, greed, lust, envy, gluttony, wrath, and sloth. Each is a natural human weakness that impedes happiness. In addition to these vices, however, there are economic sins as well. And they, too, wreak havoc on our lives and in society. They can seem intuitively compelling, yet they lead to waste, loss, and forgone prosperity. In this thoughtful and compelling book, James Otteson tells the story of seven central economic fallacies, explaining why they are fallacies, why believing in them leads to mistakes and loss, and how exorcizing them from our thinking can help us avoid costly errors and enable us to live in peace and prosperity.

Summary of James R. Otteson's Seven Deadly Economic Sins

Summary of James R. Otteson's Seven Deadly Economic Sins PDF Author: Milkyway Media
Publisher: Milkyway Media
ISBN:
Category : Business & Economics
Languages : en
Pages : 8

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Book Description
Please note: This is a companion version & not the original book. Book Preview: #1 While it is true that markets are competitive, and that some firms will succeed and others will fail, this does not have to be a negative thing. Because markets are positivesum, not zerosum, the wealth they create is positivesum as well. #2 There are two main ways to get something from someone: by taking it forcibly from them, or by defrauding them and promising to pay them in the future but not doing so. These are examples of zerosum exchanges. #3 Until about 1800, the average person’s percapita wealth was extremely low, between $1 and $3 per day. But there is another way to get what you want from another person: make an offer of exchange that the other party is free to accept or decline. If both parties benefit from the exchange, it is a positivesum exchange. #4 The morally superior way to deal with others is to engage in cooperative exchanges instead of extractive ones. This was a great leap forward in human morality, and it has become clear that the only properly moral way to deal with others is to treat them as equals in dignity and agency.

Summary of James R. Otteson's Seven Deadly Economic Sins

Summary of James R. Otteson's Seven Deadly Economic Sins PDF Author: Everest Media,
Publisher: Everest Media LLC
ISBN: 1669353931
Category : Business & Economics
Languages : en
Pages : 8

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Book Description
Please note: This is a companion version & not the original book. Sample Book Insights: #1 While it is true that markets are competitive, and that some firms will succeed and others will fail, this does not have to be a negative thing. Because markets are positive-sum, not zero-sum, the wealth they create is positive-sum as well. #2 There are two main ways to get something from someone: by taking it forcibly from them, or by defrauding them and promising to pay them in the future but not doing so. These are examples of zero-sum exchanges. #3 Until about 1800, the average person’s per-capita wealth was extremely low, between $1 and $3 per day. But there is another way to get what you want from another person: make an offer of exchange that the other party is free to accept or decline. If both parties benefit from the exchange, it is a positive-sum exchange. #4 The morally superior way to deal with others is to engage in cooperative exchanges instead of extractive ones. This was a great leap forward in human morality, and it has become clear that the only properly moral way to deal with others is to treat them as equals in dignity and agency.

Seven Deadly Innocent Frauds of Economic Policy

Seven Deadly Innocent Frauds of Economic Policy PDF Author: Warren Mosler
Publisher: Davin Patton
ISBN: 0692009590
Category : United States
Languages : en
Pages : 63

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Book Description
"Here, Warren Mosler identifies and debunks seven entrenched ideas keeping the economy in a downward trajectory. In this ... book, he exposes commonly-held beliefs, such as 'deficits leave the debt burden to our children' and 'Social Security is broken,' to be economic myths. In addition to correcting these mindsets, Mosler promotes the restoration of the American economy with practical and feasible proposals. Along the way, he explains the operational realities of the monetary system in clear, down-to-earth language"--Book jacket.

The Seven Sins of Wall Street

The Seven Sins of Wall Street PDF Author: Bob Ivry
Publisher: PublicAffairs
ISBN: 161039366X
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
We all know that the financial crisis of 2008 came dangerously close to pushing the United States and the world into a depression rivaling that of the 1930s. But what is astonishing -- and should make us not just afraid but very afraid -- are the shenanigans of the biggest banks since the crisis. Bob Ivry passionately, eloquently, and convincingly details the operatic ineptitude of America's best-compensated executives and the ways the government kowtows to what it mistakenly imagines is their competence and success. Ivry shows that the only thing that has changed since the meltdown is how too-big-to-fail banks and their fellow travelers in Washington have nudged us ever closer to an even bigger economic calamity. Informed by deep reporting from New York, Washington, and the heartland, The Seven Sins of Wall Street, like no other book, shows how we're all affected by the financial industry's inhumanity. The transgressions of "Wall Street titans" and "masters of the universe" are paid for by real people. In fierce, plain English, Ivry indicts a financial industry that continues to work for the few at the expense of the rest of us. Problems that financiers deemed too complicated to be understood by ordinary folks are shown by Ivry to be financial legerdemain -- a smokescreen of complexity and jargon that hide the bankers' nefarious activities. The Seven Sins of Wall Street is irreverent and timely, an infuriating black comedy. The Great Depression of the 1930s moved the American political system to real reform that kept the finance industry in check. With millions so deeply affected since the crisis of 2008, you'll finish this book asking yourself how it is that so many of the nation's leading financial institutions remain such exasperating problem children.

Seven Deadly Economic Sins

Seven Deadly Economic Sins PDF Author: James R. Otteson
Publisher: Cambridge University Press
ISBN: 1108843379
Category : Business & Economics
Languages : en
Pages : 325

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Book Description
Compelling basic principles of economics every citizen should know to enable better personal decision-making and better evaluation of public policy.

The End of Socialism

The End of Socialism PDF Author: James Otteson
Publisher: Cambridge University Press
ISBN: 1107017319
Category : Political Science
Languages : en
Pages : 239

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Book Description
"The End of Socialism explores the exact nature of the practical difficulties socialism faces and examines how its moral ideals can guide policy"--

The Economics of Sin

The Economics of Sin PDF Author: Samuel Cameron
Publisher: Edward Elgar Publishing
ISBN: 9781843767008
Category : Business & Economics
Languages : en
Pages : 252

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Book Description
This work examines the definition and evolution of sin from the perspective of rational choice economics. The author argues that because engaging in activities deemed to be sinful is an act of choice, it can therefore be subject to the logic of choice in the economic model.

The Seven Deadly Sins of Capitalism

The Seven Deadly Sins of Capitalism PDF Author: Mike Guillaume
Publisher:
ISBN: 9781907720680
Category : Business & Economics
Languages : en
Pages : 286

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Book Description
Guillaume deals with the sins of capitalism in a work that contains much moreon the negatives than about the positives.

The Seven Deadly Sins of Business Valuation

The Seven Deadly Sins of Business Valuation PDF Author: Robert M. Clinger
Publisher:
ISBN: 9781425713195
Category : Business & Economics
Languages : en
Pages : 139

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Book Description
Frequent and thorough analysis of value creation in closely held or family controlled business is critical to effect ongoing management of the enterprise. Such monitoring will reveal the success or failure of the management in meeting the strategic goals and in creating value and wealth for the shareholders. The Seven Deadly Sins of Business Valuation identifies and discusses some of the challenges inherent in monitoring value creation and illustrates with examples and case studies several of the most common valuation errors that a financial analyst may make in analyzing a closely held or family controlled business.