Scarcity and Competition

https://www.intelligenteconomist.com/capitalism/

Not that it is directly connected with the image above, but two characteristic features of capitalism are scarcity and competition. I do not have one particular approach to this discussion. The two may be discussed in various ways. First of all, if I need to point out that in my theoretical system they are not private, let me just say so. Little about capitalism is private. And not these. So…

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Jack Silverman

Jack Silverman

I am the Jack that’s real. I had an original idea in international trade. This fits into: Ideas in Economics: ‘Social Economics’. Why? Read on!