May 2008
Intermediate to advanced
240 pages
5h 5m
English
Content preview from A World of Wealth: How Capitalism Turns Profits into ProgressBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Chapter 7. The Capitalist Struggle against Low Finance: Price Controls and Regulation Endanger the Free Market
For every problem that arises when people exchange goods and services, a market solution exists. Free participants in markets adjust the prices they charge and accept. When many people want something, the price of it goes up; when many people disdain something in the marketplace, the price goes down. In the short run, prices change to clear the market—to sell all the products on offer in accordance with their scarcity or abundance. In the long run, higher prices send suppliers a signal to produce more; lower prices send suppliers the opposite signal.
Every market solution, however, creates another problem because some people are priced ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.