“Economics is a social science, not a physical science.” SocialEconomicsSocial SciencePhysical Science Book:Economics for everyone: a short guide to the economics of capitalism Source: Economics for everyone: a short guide to the economics of capitalism
“One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them.” PeopleSocialWealthExistencePovertyMillionsEconomyEconomicTerribleCapitalismEndureIncrediblesExtremesDespiteContinuingDeprivationExtreme Poverty Book:Economics for everyone: a short guide to the economics of capitalism Source: Economics for everyone: a short guide to the economics of capitalism
“If you want poor people to work you restore their incentive by giving them less, such as by cutting social services. If you want rich people to work you restore their incentive by giving them more, such as by cutting taxes.” PeopleIfsWantGivingSocialPoorRichCuttingTaxesCapitalismPoor PeopleIncentivesRich PeopleSocial Service Author:Jim Stanford