Comment by amelius
8 years ago
This can't work for the obvious reason that if everybody applies these techniques, then everybody's business would grow sky-high.
They might as well sell a book on how to win the lottery.
8 years ago
This can't work for the obvious reason that if everybody applies these techniques, then everybody's business would grow sky-high.
They might as well sell a book on how to win the lottery.
An economist walks down the street and sees a $20 on the ground. “That can’t be real, if it were, someone would have picked it up.”
A passerby stoops down and picks it up.
I appreciate the metaphor but it still highlights the same crux of the problem. That first passerby got the $20. The next guy that follows in his footsteps gets nothing.
But is that a problem for the first passerby? Do you not read the book because the strategies won't work in perpetuity?
2 replies →
> This can't work for the obvious reason that if everybody applies these techniques, then everybody's business would grow sky-high.
Why does this obviously not work? Lots of businesses can grow faster than they do, maybe (probably?) even most businesses.
The economy is not a zero-sum game.
Luckily the economy is a pie, not a lottery and everyone can be better off.