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What causes #poverty? Nothing. It's the original state, the default and starting point. The real question is, What causes #prosperity?
Per Bylund
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The world needs economic literacy.
Aso prof #entrepreneurship @okstate. And @Ratio_Institute, @mises
Books: amazon.com/author/perbylu…
Tweets my own.
Aso prof #entrepreneurship @okstate. And @Ratio_Institute, @mises
Books: amazon.com/author/perbylu…
Tweets my own.
482 Following 58K Followers 96K Posts
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It amazes me how often people let their own political conviction distort their interpretation of another's claims and, based solely on this distortion, dismiss those claims as "ideological." For example, a claim about the costs of regulations need not be ideological. But can be.
Hence, there are no profits in manufacturing and selling computers; the businesses in this industry (Lenovo, HP, Dell, Apple, etc.) all get government subsidies to survive.
@russnelson @veniteo @PerBylund @The_Dudg "raise quality or lower prices or both"View quoted post on X
both dont happen in capitalism because both are contrary to maximising profit. you'll get the worst quality that still sells (why your food is literal poison in the US for example).
Tonight at @okstate, Dr. Jay Barney from the University of Utah discusses “The Profits and Purpose Paradox”
