The Street Economist: 15 Economics Lessons Everyone Should Know

Abstract

Front Cover -- Title Page -- Half Title -- Copyright -- Contents -- Preface -- Introduction -- LESSON 1: To Work Is to Live -- LESSON 2: There Are Only Two Ways to Make a Living: From One's Own Work or from the Work of Others -- LESSON 3: Supply Is Demand and Demand Is Supply -- LESSON 4: He Who Trades, Profits -- LESSON 5: Productivity Determines Our Income -- LESSON 6: Value Is Subjective -- LESSON 7: Wages Are Paid by Consumers -- LESSON 8: Capital Is Savings and Applied Ingenuity -- LESSON 9: Money Is Not Wealth -- LESSON 10: Prices Are Information -- LESSON 11: Competition Is Collaboration -- LESSON 12: The Entrepreneur Is a Social Benefactor -- LESSON 13: To Innovate Is to Destroy -- LESSON 14: To Trade Is to Get Rich -- LESSON 15: Today's Luxuries Are Tomorrow's Necessities -- Conclusion -- Index.