Capitalism Is Intrinsic to the Human Species
Listen now
We're the only animals who cooperate across genetic boundaries, because we can track credits and debits in voluntary exchanges. - Capitalism is intrinsic to the human species: 0:00 - Too many takers and not enough makers will plunge a society into ruin: 1:48 Show notes and transcript:
More Episodes
Externalities let you account for the true cost of products by including hidden costs like environmental damage.
Published 07/31/19
What future income is worth today by applying a discount to its future value.
Published 07/29/19
A lot of people are willing to pay more than what companies charge.
Published 07/25/19