> -----Original Message-----
> From: jhrothjr [mailto:[EMAIL PROTECTED]
>
> The thing to understand about economics is that if you have
> perfect competition, nobody makes any profits.
I disagree. If you have perfect competition then everybody makes just
enough profit to stay alive. Our population and our economy is growing. If
your business does not grow with it, it will die. Profit is an essential
component of growth, and therefore an essential component of success.
> Profit is made
> by exploiting some inequity in the market.
Profit is made by exploiting the difference between value and cost. This
may be an inequity, but it is vital to civilization, Without it we'd all
still be hunter-gatherers working solely for ourselves.
A heat engine is driven by the inequity an inequity of temperatures. The
economic engine is driven by the inequity of value and cost.
And in the interest of full-disclosure: Economic Theory According to Uncle
Bob is about as useful as Object Oriented principles according to Margaret
Thatcher.
-----
Robert C. Martin (Uncle Bob) | email: [EMAIL PROTECTED]
Object Mentor Inc. | blog: www.butunclebob.com
The Agile Transition Experts | web: www.objectmentor.com
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