Efficiency and the Rule of Law (October 14th, 2011)

The Zero Sum Fallacy

Where they end up getting their wealth. Producers gets 25 dollars and hour versus a wage of 15 dollars an hour. In Marxism, we all work in our own civets together. Workers can only be exploited by the exploited by the payment but the issue is that it's ironic by markism.

The illustration of the change in shoes and the design of shoes that helped change the price of them compared to others. Just keeping mind of a later day.

The market often doesn't work as well.

• They lack of existance
• Institutions

Buying or seller exerting their power to a buyer or a seller. Prevention of Rizzo to do extreme things when or if he has tenure. Markets work well when there are many decisions and choices for people to make. Insurance market is an example of a lack of a market that has no interaction. Rizzo knows his health conditions based on what he knows about his body bu the insurance company does not.

"Efficiency"
Delivering what people want at the lowest possible cost. What the people wanted. Ridiculous if the school to place their law on not possess items. Their is a behavior when we respect the possessions of others when unattended. To have the law work better, the market that works well is the Rule of Law.
 Racism is not counted and arbitrary. Good laws must be general and not specific. Some countries expect that if you are wealthy, everyone mooches from it.

Inflation
Caused when there is too  much money around. General increase in all countries of the economy of the products. It is not that the price is higher today or any type of products. There is no actual chain reaction to it. We will always strive for more on the payment.
It is inferior and based upon a golden rule ; production to serve the interest of others and not materialistic to ourselves. Who is the moral authority to say? The golden rule is based on thoughtful actions to others as expected to ourselves.