Shared National Identities, Narratives and Norms
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Post No.: 0452   Fluffystealthkitten says:   We’ll continue on from Post No.: 0408, which demonstrated how power starts to transfer to ordinary citizens from the elites because of taxation. Without the need to collect taxes, there’s no need to … Read More

What’s Your Negotiation Style?
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Post No.: 0442   Furrywisepuppy says:   We last looked at reacting to ultimatums in Post No.: 0375. Here, we’ll go through the most common negotiation styles.   Competitive – win-lose. Has a high concern for getting what one wants, … Read More

Can Humans Be Considered Rational Agents?
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Post No.: 0435   Furrywisepuppy says:   Almost every decision in life is a gamble with varying odds – including eating that sandwich, crossing that road or deciding to stay in or go out tonight (even if there wasn’t a … Read More

Tax Havens are Basically Free-Riding Off Other Countries
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Post No.: 0426   Furrywisepuppy says:   The tax havens, or low-tax jurisdictions, that exist in the world today are all relatively small countries or territories, in terms of geography and population, for a reason – the world wouldn’t be … Read More

The Price We Pay for Our Illogical Behaviours
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Post No.: 0418   Furrywisepuppy says:   Here comes another selection of irrational or illogical behaviours when it comes to people and money (the last lot was presented in Post No.: 0389)…   People are less willing to give something … Read More

Power From the Elite to Ordinary Citizens!
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Post No.: 0408   Fluffystealthkitten says:   To recap from Post No.: 0403 – to develop a productive economy from scratch, a population first evolves from: 1) anarchy, to 2) exploiting scale economies in violence, then forms 3) a tax … Read More

The Path from Poverty to Prosperous Production
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Post No.: 0403   Fluffystealthkitten says:   Economic development and production stalls under anarchies – it needs polities that are centralised and preferably inclusive. Inclusive means that they should serve the interests of everybody within the state, including ordinary citizens. … Read More

Risk Your Next Meal or Your Second Home?
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Post No.: 0396   Furrywisepuppy says:   Every rich person tends to become a ‘businessperson’, no matter how they initially made or inherited their wealth – but that’s only because once someone has enough to live on and has a … Read More

The Ultimatum Game and Dictator Game
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Post No.: 0389   Fluffystealthkitten says:   People can behave quite irrationally, particularly when money is involved! Since money was invented rather than is something that’s innately natural – hence the human species didn’t exactly evolve with it in their … Read More

Responding to an Ultimatum and Fighting Fire with Water
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Post No.: 0375   Furrywisepuppy says:   So you were acquainted with added value and how this relates to power in negotiations in Post No.: 0319. Now if an ultimatum is given to you, such as, “Do you accept a … Read More

The Wealthy, Corrupt and Criminal
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Post No.: 0364   Furrywisepuppy says:   Systems, from governments to businesses and other organisations, become corrupt when politicians, businesspeople and other individuals can rationalise bribes, kickbacks, money laundering, etc. as being just like regular quid pro quo trades, bargains … Read More

Loss Aversion and Overvaluing Losses
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Post No.: 0345   Furrywisepuppy says:   ‘Loss aversion’, which has been briefly mentioned a few times before, is when the negative utility of giving an item up feels greater than the positive utility of acquiring that exact same item. … Read More

Get Richer by Working Your Assets Off
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Post No.: 0333   Fluffystealthkitten says:   Assets normally appreciate faster than wage rises do i.e. the rate of compensation for one’s labour doesn’t usually rise as fast as the value of investment assets that just sit there, often doing … Read More

Added Value and Bargaining Power
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Post No.: 0319   Fluffystealthkitten says:   The art of negotiation is such an interesting topic to both Furrywisepuppy and me, so I will help continue our journey into learning more about it…   ‘Added value’ is equal to the … Read More

The Pain of Paying, and Mental Accounting
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Post No.: 0307   Furrywisepuppy says:   Continuing from Post No.: 0163, people tend to feel more ‘pain of paying’ when paying by cash rather than by card, casino chips or credits, and so people tend to find it easier … Read More

Spending to Stimulate the Economy
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Post No.: 0293   Fluffystealthkitten says:   Spending is often extolled as the solution to getting out of any economic recession. It’s true that domestic spending will boost the domestic economy. But no one can spend or consume if they … Read More

The Poor Must Work Harder and Be Smarter to Get the Same Outcomes
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Post No.: 0285   Furrywisepuppy says:   Continuing on from Post No.: 0253 and the topic of how it’s easier to get richer if you’re already rich, whether one inherits one’s initial wealth or earns it…   Anyone can become … Read More

Your Best Alternative to a Negotiated Agreement
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Post No.: 0273   Furrywisepuppy says:   Before entering into any major negotiation situation – always do some homework and preparation. Know firstly what it is that you really want – money isn’t always the only goal or the most … Read More

Economies of Scale and Buying Out the Competition
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Post No.: 0253   Furrywisepuppy says:   This continues on from Post No.: 0234 and the topic of how the rich get richer. I apologise again that it’s going to be more of an info dump than a neat post, … Read More

How the Rich Get Richer and the Poor Stay Poor
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Post No.: 0234   Furrywisepuppy says:   There’ll eventually be a series of posts on this topic about how the rich find it much easier to get even richer by virtue of already being rich; which is tightly related to … Read More

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