Lecturas 29.12.2012

The middle class, then & now, by Don Boudreaux.

The same is true, thankfully, for many other goods. A simple ensemble in 1956 of Sears‘s lowest-priced women‘s clothing — blouse, jeans, pumps, panties and bra — cost the typical worker in 1956 5.2 hours of work time. A similar ensemble of clothing today costs the typical worker a mere 2.9 hours of work time. That is, such clothing is today 44 percent less costly, in terms of work time required to earn enough money to purchase it, than it was in 1956.

¿Qué son los negocios piramidales?, por Xavier Sala i Martín.


Charity Begins With Wealth Creation, by John Stossel.

They and other creators didn’t just give us products to improve our lives, they also employed people. That's charity that keeps on giving, because employees keep working and keep supporting their families. “That's not charity,” Brook said. ”(It’s) another trade. You pay your employees and get something in return. But the employee is better off, and you are better off.

Adam Smith’s 1776 An Inquiry Into the Nature and Causes of the Wealth of Nations:

That it was the spirit of monopoly which originally both invented and propagated this doctrine [mercantilism] cannot be doubted; and they who first taught it were by no means such fools as they who believed it. In every country it always is and must be the interest of the great body of the people to buy whatever they want of those who sell it cheapest. The proposition is so very manifest that it seems ridiculous to take any pains to prove it; nor could it ever have been called in question had not the interested sophistry of merchants and manufacturers confounded the common sense of mankind. Their interest is, in this respect, directly opposite to that of the great body of the people.

I, Tomato: Morning Star's Radical Approach to Management, by Paul Feine & Alex Manning.


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