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Economics & Governance Through the Ages
Below is a conversation with ChatGPT The economics of 2,000-years ago, and the economics of 1900’s and the economics of today are very similar. Why is that? Because the fundamentals of economics—scarcity, supply and demand, trade, labor, value, and incentives—haven't changed. While technology, institutions, and financial instruments evolve, the core principles of human economic behavior remain consistent. For example: · Ancient Rome (c. 0-100 AD) had complex trade
Lawrence Sheraton
Feb 7, 202545 min read
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