in order for someone to win resources, someone else has to lose them
What is the name of the theory where it is win/win and resources are unlimited? For example, if someone in America buys a car from Korea and it takes him 600 hours of labor to afford the car, some of that money goes to the builders of the car and some goes to the company which invests in cheaper ways to make better cars. Everybody seems to win, the guy gets a car and the company makes money and distributes it. As a result of this investment into R&D at the car factory sooner or later it only takes 500 hours of labor to buy a car that is more luxurious and more reliable than the original car that cost 600 hours of labor.
Borrowing money is a modern example of a non-zero sum exchange, the banker makes 5%, I get the car I NEED right now instead of in 5 years.
the evolutionary psychologists would say that much of human inteligence is built up around monitoring these exchanges. Trading favors has lots of room to get the better of someone while still falling within the range where a deal makes sense for both parties.
Hello all, I’m an ex-member for about 5 years back and occasional lurker who’s decided to reactivate, but I seem to be having trouble with my sig,
I’m sorry to have to welcome you back with a banning, but our policies require one registration per person, and I will need you to contact tubadiva@aol.com to reactivate your membership here and let her know which of your names you would like to use.
I’m certain that you meant no dishonesty by reactivating the way you did. Lets get you back on the Boards and in good standing again. We’d love to have you as a member again.
IANAEconomist but I thought it was referred to as adding value. A car is basically, a couple thousand pounds of steel, rubber, vynil, wood, plastics, etc. Unless someone comes along and turns those raw materials into something useful via the application of tools and labor.