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Old 04-27-2007, 04:51 PM   #14 (permalink)
Shamou
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Join Date: Apr 2007
Location: Quebec, Canada
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I do believe that one of the reason that some people hate the rich is that they do not understand the zero-sum theory (see here)...

They believe that if someone acquires money... someone else must lose some... which is not the case...

This is what part of the above suggested article has to say about economics and the zero-sum theory...

Quote:
Economics and non-zero-sum

Many economic situations are not zero-sum, since valuable goods and services can be created, destroyed, or badly allocated, and any of these will create a net gain or loss. Assuming the counterparties are acting rationally, any commercial exchange is a non-zero-sum activity, because each party must consider the goods s/he is receiving as being at least fractionally more valuable to him/her than the goods s/he is delivering.
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