stacktoshi on Nostr: Yup. That book should be required reading in high school. The glazier might be $250 ...

Yup. That book should be required reading in high school. The glazier might be $250 richer, but the tailor has a suit he can’t sell on top of the shopkeeper being $250 poorer. Net loss.

We might be better off defining economics as the study of satisfying needs and wants rather than measuring things in currency