.@pmarca otherwise known as the make-money vs take-money distinction noted by @doriantaylor
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@vgr@pmarca Sweet. That's the one. Also I dunno if you've seen this (one of my favourite econ papers): http://papers.ssrn.com/sol3/papers.cfm?abstract_id=820309 … -
@doriantaylor@pmarca yes you linked to that in your comment on other post. Filed, not yet read. Schumpeterian profit sounds very Mokyr.
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@vgr@pmarca Also vintage@paulg on the notion of creating wealth (distinct from "making money"): http://www.paulgraham.com/wealth.htmlThanks. Twitter will use this to make your timeline better. UndoUndo
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@doriantaylor@pmarca you need to write up a definitive blog post on this. I find myself citing often. Ribbonfarm open if you want. - Show replies
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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