How to build a better World
Let's start by observing that, when someone does something that is easy or inexpensive for him, that creates a benefit way bigger to someone else, the overall welfare in the World increases. We would...
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The Capitalism theory
We have many anecdotal evidences that economical capitalism creates more welfare than economical communism. However, we lack a clear model to explain what is necessary for the capitalism to work and w...
On jobs and welfare
We often hear the expression "this creates jobs". But job creation cannot be good in itself. The state could create well payed jobs for everyone for doing nothing. Even with jobs, if nobody produces f...
The Economy theory - goods and money
Welfare Welfare = produced goods + redistribution curve At the basic level, welfare in society is just a matter of produced good (including services) and the redistribution curve. Money is not welfare...