Acton Institute Powerblog Archives

Post Tagged 'British films'

Surplus = Happiness, Deficit = Misery

Joe Carter points to a Lifehacker article that sums up two basic equations that lead to the creation of wealth (with what I consider to be a clarifying correction applied in the first formula): Income spending = surplus Surplus x time = wealth Likewise, Wilhelm Röpke, in his A Humane Economy, points to two equations arising from classical literature that connect surplus with happiness and deficit to misery (the Micawber Principle). Continue Reading...
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