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The Minimalists - How To Let Go Without Losing Out On Happiness

Slo Mo: A Podcast with Mo Gawdat

CHAPTER

The Importance of Economics

Economics is the study of what happens when our unlimited capacity for desire comes into contact with our limited abilities and resources. Economics isn't just about money, it's about human action and it's about what incentivizes human action. When you understand economics, you not only understand money, but you understand the principles of value creation. You understand how to look at wealth in terms that are bigger than the money supply.

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