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The Tale of Capitalism: A Storybook for Non-Economists

The Tale of Capitalism: A Storybook for Non-Economists

by Daniel Brockman
The Tale of Capitalism: A Storybook for Non-Economists

The Tale of Capitalism: A Storybook for Non-Economists

by Daniel Brockman



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"A simple memorable framework for explaining how economics misconceived the problem."
-- Judy Z. Stephenson, PhD, Associate Professor of Economic History at University College London.

Once upon a time, our ancestors lived in small bands of hunters and gatherers. Some learned to make devices to catch and kill game. Others learned to cultivate gardens and build shelters. Early technologies and division of labor developed. We may suppose they gave furs, fruits, and other goods to family and cousins. And we may suppose some trades, such as fish for apples, would happen. Trades across time led to lending, such as arrows today for a share of tomorrow's hunting prize, or seeds in the fall for a share of the harvest in the spring.

When families grew to many members or when they met travelers and other bands, they traded more often than they made outright gifts. For they didn't know these strangers well and shared no past with them.

After 40 or 50 centuries, people had learned to trade their labor for food, shelter, tools and a little comfort, or for money. Some had a talent for accumulating money.

In our highly productive society a few people have vast wealth. They can purchase anything they desire. They have social influence. Others, in predictably large numbers, will fall asleep hungry tonight. Why the disparity?

In its complexity, our basic economic system has many moving parts. Each part has a story. The kaleidoscopic Tale of Capitalism gives you a collection of stories you might tell to friends.

You will find out how the economic system works, how it favors some while overlooking others, and how to make it better.

DANIEL BROCKMAN has Mathematics and Finance degrees and lifelong interest in history and economics. He worked in statistical analysis and software development in investment companies and banks for 30 years.

Dan swims, hikes and rides his bicycle near his home in the state of Washington, USA.

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Product Details

BN ID: 2940185896266
Publisher: Laughing Philosopher Press
Publication date: 12/19/2022
Sold by: Barnes & Noble
Format: eBook
Sales rank: 762,061
File size: 16 MB
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About the Author

DANIEL BROCKMAN provides this microautobio:

We are what we do; I was what I did

When I moved to San Francisco, I got a job in the actuarial department of an insurance company, mainly because I had a mathematics degree and good test scores. I wrote software. I took a couple of courses in financial accounting. I wrote cash management software for a big aluminum company. I did financial modeling for oil wells, real estate, coal mines and geothermal wells. I worked for Wells Fargo Investment Advisors writing software for bond portfolio management and research. I designed a database for options and thinly traded securities. At Bank of America, I wrote software to value investments held in the trust department, wrote software reconciling trust accounts between two systems, wrote the bank's first online payments system for small businesses, designed automation of their letter-of-credit system, managed systems to monitor trading desk financial positions. I managed systems operations for Total Entertainment Network (online gaming). I got a degree in finance. I consulted on computer systems at Charles Schwab, Southwestern Bell, Providian Bank, NASA, and Mellon Capital Management. At Mellon, I wrote software for investment trading and research. I designed search software enhancements for large merchant customer websites at Amazon. I consulted on systems for payments operations, foreign exchange trading, and anti-money laundering at Wells Fargo. I performed statistical analysis of residential mortgages at Union Bank. In parallel, for about 45 years, I've studied the history of money, stock trading, economics, financial booms and crashes, investment strategies, portfolio selections, and market predictions. I advise a few friends on their investments. My book, The Tale of Capitalism, wasn't among the top ten on the New York Times bestseller list during the last six months.

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