The Rivalrous and the Anti-Rivalrous | Deep Code Experiment: Episode 2
youtube.comSaved by Juan Orbea
The Rivalrous and the Anti-Rivalrous | Deep Code Experiment: Episode 2
Saved by Juan Orbea
Money seems to be locally zero-sum (after a trade happens, Person A has –$1, Person B has +$1), but actually money is globally positive-sum. In a voluntary exchange, A and B both gain in wealth because they both get non-monetary benefit from making the trade.