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Notes and Reflections on Books and Media

by Hannah Leitheiser

Economic School

#economics #book #capitalism

Wealth and Poverty: A New Edition for the Twenty-First Century

George Gilder

2012

2019-05-11

- George Gilder, Wealth and Poverty: A New Edition for the Twenty-First Century (2012)

Many Focuses Exist in Economics

Gilder focuses on the economics of supply. If you want more transactions, empower suppliers by lowering taxes and regulation that hold back companies and entrepreneurs. Sometimes also called trickle-down economics or Reaganomics.

Other schools focus on demand. In you want more transactions, empower customers by increasing government purchases or giving tax cuts or money to workers.

People probably fall into the school that aligns with their place in the economy.

Don't tell the economists, but it seems to me a market transaction requires both sides working together.