economics on Wealth

Many economic fallacies are due to conceiving of economic activity as a zero-sum contest, in which what is gained by one is lost by another. This in turn is often due to ignoring the fact that wealth ...

In 2008 the CEO of Walmart made as much in one hour as many of his full-time employees made in a year. Are some people really worth that much more than others? We would most likely say no, but our eco...