The economic reality

“ Monetary calculation and cost accounting constitute the most important intellectual tool of the capitalist entrepreneur, and it was no one less than Goethe who pronounced the system of double-entry bookkeeping one of the finest inventions of the human mind.” - Ludwig von Mises

ponedjeljak, 11. lipnja 2012.

Common economic sense

 

I’ve decided to post an interesting cartoon that may escape the most literate mainstream economist of our day – the simple truths are the ones that evade us the most.

Straight from the Circle Bastiat, a glimpse into the puzzling world of “why does GM manufacture cars that nobody wants”. Enjoy.

Objavio/la u

Nema komentara:

Objavi komentar

Pretplati se na: Objavi komentare (Atom)