A Quote by Thomas Sowell
At least half of the popular fallacies about economics come from assuming that economic activity is a zero-sum game, in which what is gained by someone is lost by someone else. But transactions would not continue unless both sides gained, whether in international trade, employment, or renting an apartment.
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I think people really connect with the idea of someone who's gained and lost weight in this very public way, and also someone who's an emotional eater.
In evaluating the way in which ball possessions are gained during the course of a game, we find that 60 to 80 percent of the possessions are gained by rebounding and after an opponent's score. Twenty percent come from opponents's error, and only 5 percent of the possessions come from steals and interceptions. A study of the way ball possessions are gained makes it seem highly impractical to base pressure defense on interceptions and steals.
So prominent was the Jewish role in the foreign commerce of Europe that those nations that received the Jews gained and the countries that excluded them lost in the volume of international trade.
With my first, I gained 40 pounds; in the second, I gained 35, and with Stella, I gained 25. My thing is to get most of your weight off, or at least get into good eating habits and exercise routinely, the sooner the better.
When suddenly you seem to lose all you thought you had gained, do not despair. You must expect setbacks and regressions. Don't say to yourself "All is lost. I have to start all over again." This is not true. What you have gained you have gained....When you return to the the road, you return to the place where you left it, not to where you started.
Economics is primarily useful, both to the student and to the
political leader, as a prophylactic against popular fallacies.
It is not a zero sum game. The simple idea of the gains from trade lies at the heart of the modern and the ancient economy, not the power of capital. There is nothing else to it.
We believe that economics does not necessarily have to be a zero-sum game; it can be a win-win proposition for everyone involved so long as they have the tools in which to succeed.
For the only way in which a durable peace can be created is by world-wide restoration of economic activity and international trade.
Trump sees the world in terms of a zero-sum game. In reality, globalisation, if well managed, is a positive-sum force: America gains if its friends and allies - whether Australia, the E.U., or Mexico - are stronger. But Trump's approach threatens to turn it into a negative-sum game: America will lose, too.
In Los Angeles, as I gained and lost celebrity, then gained it again, I often found myself wondering why I, out of thousands like me, had become famous.
When you are in a relationship, you are aware that it might end. You might grow apart, find someone else, simply fall out of love. But a friendship isn't a zero-sum game, and as such, you assume that it will last forever, especially an old friendship. You take its permanence for grandted, whuch might be the very thing so dear about it.
The Trump vision, in fact, is an America unbound by a half-century of trade deals, free to pursue a nationalistic approach in which success is measured not by the quality of its alliances but the economic return on its transactions.
What is gained by debt relief and aid can be lost if we don't get a proper trade agreement in Hong Kong.
The good thing about being in someone else's apartment is it's so much easier to leave than it is to get someone out.
I shot you, all right," he said, "and you lost something, but you gained something as well. You just don't know it yet. I gained something, too." What?" I got to keep my promise. I didn't leave you behind.
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