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Are the Economy and Financial Markets Zero-Sum Games?
Money For the Rest of Us
The Role of Rents in the Economy
W Stanley Gebbins on coal says there is no probability that when our coal is used up any more powerful substitute will be forthcoming. Even as recently as 1939 the US Department of Interior said American oil supplies will run out in 13 years. But it does behoove us to not be a catastrophist but also recognize the cost of the use of these natural resources. Through the economy overall is not a zero sum game the pie is growing the amount produced per person is growing need to factor in the cost of producing that.
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