Post Tagged 'zero-sum game'

September 14, 2021

‘Win-win denial’: The roots of zero-sum thinking

One of the basic insights of economics is that trade is mutually beneficial, making both parties better off than they were before. It’s a proposition about human exchange that stretches back to Adam Smith’s foundational treatise, “The Wealth of Nations.” Continue Reading...

March 31, 2021

Why the economy is not a zero-sum game: a simple explanation

What do these two statements have in common: “Poverty is caused by overpopulation,” and “The rich get richer only as the poor get poorer”? Answer: They both inaccurately presuppose the economy is a zero-sum game. Continue Reading...

July 24, 2015

Income Inequality and Legal Plunder

Fueled, in part, by the Pope’s passionate appeals, the campaign to reduce income inequality is growing rapidly around the globe. The income equality movement argues that there is a growing gap between the incomes of top earners and everyone else. Continue Reading...

February 05, 2014

What Liberal Evangelicals Should Know About the Economic Views of Conservative Evangelicals (Part 2)

Why do liberal and conservative evangelicals tend to disagree so often about economic issues? This is the second in a series of posts that addresses that question by examining 12 principles that generally drive the thinking of conservative evangelicals when it comes to economics. Continue Reading...

May 07, 2013

Generosity vs. Zero-Sum Thinking in the Workplace

When discussing economics, we frequently encounter the zero-sum fallacy: the notion that the economic pie is fixed, that there is always a winner and a loser, and that, for someone to grow rich, another must become poor. Continue Reading...

July 31, 2012

Murray, Mariana, and Montaigne’s Fallacy

The folks over at the Comment magazine site have generously run an essay by me, “Business and the Development of Christian Social Thought.” This piece is a web-friendly version of my editorial from the current issue of the Journal of Markets & Morality, which highlights the call for papers for next spring’s issue on the theme “Integral Human Development.” Continue Reading...

July 22, 2009

Zero-Sum: The Most Dangerous Game

A recent Fox News piece on President Obama’s “science czar,” John Holdren, makes for spooky reading, dramatizing where well-intended intellectuals can end up when they take a zero-sum view of our planet’s resources. Continue Reading...

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