Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Logic and Economics: Free Growth and Other Surprises

Logic and Economics: Free Growth and Other Surprises

Getty, Gordon

Paperback

Business GeneralEconomics

ISBN10: 1935953966
ISBN13: 9781935953968
Publisher: Authority Pub
Published: Oct 18 2018
Pages: 226
Weight: 0.68
Height: 0.48 Width: 6.00 Depth: 9.00
Language: English

Simply put, this book is about my personal ideas in economics. It's about lessons learned from my father, J. Paul Getty, as well as my own experiences. I love the free market and the chance to prove ideas, and the fact that innovation is changing the world as we know it.

While science tends to predict the rule from the data, philosophy tends to reverse the direction. The bottom-up scientific method doesn't get far in economics because market data reveal little about human capital, which is some two-thirds to four-fifths of all capital in most judgments including mine, beyond its rental cost in pay. The best economics can do is feel its way in the dark from assumption to prediction, as a rule, and then look for ways to scrape together enough market data for a test.

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