Friday, January 10, 2014

Five economic statements everyone should think about for at least five minutes a day


1. Value is subjective.

2. Value is a logical concept, not a physical magnitude.

3. Choice is based on value.

4. Every choice implies giving up something.

5. Price is not value.

2 comments:

  1. When will this daily prayer take place? Will we be able to take short breaks from work for it? What if someone forgets? Perhaps we should have some special alarm system.

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  2. Like with any thinking topic, the thinking (not prayer, as you erroneously labeled it) can take place any time during the day. It is up to you and your employer to determine your break schedule. The scheduling system in general is the same as for any activity you wish to perform -- it is up to you. I hope this helps.

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