If Scrooge McDuck’s downtown Duckburg apartment rises in price, and Scrooge’s net worth rises equally, but nothing else changes, the distribution of purchasing power is now more unequal — fewer people can afford that apartment. But nobody is richer in terms of actual material wealth, not even Scrooge. Scrooge is only “richer” on paper. The total material wealth of Duckburg hasn’t gone up at all.
Cities generate wealth from the Economies of agglomeration. Bigger cities have higher productivity than smaller cities. Some of that wealth naturally flows int...
As an layman who reads little academic micro- and macroeconomics, I can't but think that I am already familiar with the "Commoditize Your Complement." I lack the expertise to frame this properly, but I suspect it relates to concepts like "platform envelopment", "envelopment of complements", "platform stacks" when discussing competition in platform economies.
From Buddhist Phenomenology by Henk Barendrekt
1.7 Explaining apparent contradictions
Now we will explain how contradictions, which happen to occur in some buddhist texts, are possible. Suppose some part of reality U is described using some language L. Some of the regularities observed in L are in fact physical laws, but may be confused with logical laws. If we extend the reality U to U+, but keep as the describing language L, then statements may result that contradict statements made about U. Although the contradictions are only app...
I have started to see the Instrumental convergence problem as a part of human-to-human aliment problem.
E. Glen Weyl in "Why I Am Not A Technocrat"
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