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Prikvačeni tweet
Thread on Say’s law: 1/This law, often misinterpreted, created a furor in the history of economic thought; even today there’s a huge debate on its implications. The formulation of the law is stated by Say as: “...it is production which opens a demand for products”.pic.twitter.com/sr8N5TyPz8
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Reading Phil Knight’s ´Shoe Dog’ made me realize how unique an experience it is to start your company. It was an epiphany: I wanted to add this experience to my life. The process, the idea was so refreshing. It didn’t matter the timeframe, or the outcome: I wanted to start.
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The importance of having a plan and sticking to it.https://twitter.com/elonmusk/status/1222597315023654912 …
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Some useful stuff
#startup founders can learn from economic history: 1. Value is subjective 2. Periods of inflation and deflation count. 3. Monetary policy can influence real activity. 4. Recessions are not completely understood, but can be inferred from the market.Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
I started reading
#PhilKnight’s#ShoeDog. The opening chapter is one of the most visual and motivational non-fiction intro that I read: the image of the man waking up to run in silence in the misty morning is both revitalizing and charmingly cinematicHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Catalin Ionut proslijedio/la je Tweet
Improving access to opportunity and supporting geographic mobility are among the world's biggest challenges. We're running a bunch of billboards across California this week to support
#SB50, the bill that would enable vastly expanded housing supply across the state.pic.twitter.com/nNj2M3MWHc
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#Startups have that novelty appeal about them, but they are just companies. Founders should get the basics about how a traditional business works.They should look into finance, economics, strategy, game theory, risk. Then they can leverage their great product and specific skillsHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
The term
#embeddedliberalism, meaning a commitment to free markets tempered by a walfare program and full employment, was coined by John Ruggie (1983).Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design." F.A. Hayekhttps://twitter.com/EconTalker/status/1221783451906531329 …
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Catalin Ionut proslijedio/la je Tweet
99% certain I would make a flub like this if I ever ran for public office.https://twitter.com/bencjacobs/status/1221584561555025922 …
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Catalin Ionut proslijedio/la je Tweet
Do you have implacable (generally anonymous) hater accounts that seem to view 24/7 disrupting constructive discussion around what you are trying to discuss as their moral imperative? Some seem fake? Others unwell? Some parasitic? Do you block? Mute? Try to get them help? Thanks.
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Catalin Ionut proslijedio/la je Tweet
It just makes economic inequality more persistent if, while rich kids are being taught the recipe for wealth, https://twitter.com/paulg/status/1109897564973871106 … you tell poor kids it's impossible to become rich except by being a crook: https://twitter.com/RBReich/status/1220481483002937344 …
Tweet je nedostupan.Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Amazing
#Mises about the way entrepreneurs continually find ways to anserws the current and latent needs of consumers. That’s how start-ups work, one can argue; the best are those capable of identifying the latent needs and transforming them into real demand with a new product.pic.twitter.com/IduKccD737
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Surreal account of Argentina
#default and#inflation of 1989. In trying to print money, the government literally ran out of paper.pic.twitter.com/nYZvsS5oDM
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Catalin Ionut proslijedio/la je Tweet
On the culture of the early EU. (From https://www.amazon.com/Jean-Monnet-First-Statesman-Interdependence/dp/0393034976 …, which is quite interesting.)pic.twitter.com/DJ8XV62evl
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This is a good thread and critique of “The Narrow Corridor” by Acemoglu/Robinson.https://twitter.com/arpitrage/status/1219292832973893637 …
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This is a very bad economic idea.https://twitter.com/berniesanders/status/1219044653414146053 …
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6/The last conclusion is a direct attack on the “aggregate demand” stimulation by the government: encouraging mere consumption has no benefit for commerce, he says, and the aim of good government is to encourage production.
#saylaw#economics#baptistesay#economicthoughtpic.twitter.com/wazkQZNf62
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5/He then draws some conclusions: - the more producers, the more general markets for products - that each individual is interested in the general prosperity - that trade is good and there is no injury from imports.pic.twitter.com/gj3k0eEA8Y
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4/ Say takes on the “commodity glut” explanation for decreasing economic activity. He points out that this glut can appear because of mistakenly overproduction or because other products have not been produced in the right quantity.pic.twitter.com/x0slholLNS
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3/He goes on to note that a product, as soon as created, creates a market for other products equal to the value of the said product.pic.twitter.com/rHoAZsWWeQ
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