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Roberts puts the point this way: "[T]he pie is not constant. So your well-being can grow even when your share of the pie falls if the pie is getting sufficiently larger. Wealth grows.

Real-life Economics: Understanding Wealth Creation.

But the pie metaphor carries with it another implication, which Roberts doesn't challenge. It treats wealth as owned by society. We happen to find ourselves in possession of a pie.

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How did it get here? That's never made too clear, but it's here, and now we have to decide how to divide it up fairly. In accepting the pie metaphor, we concede a moral point that should not be conceded. Wealth is created by, and morally belongs to the individual creator. The man who produces while others dispose of his product, is a slave.

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Let's break that down a little. Suppose Robinson Crusoe is tired of trying to scoop up fish with his hands and figures out how to turn a tree branch into a spear, increasing his daily catch tenfold. Can Friday, who never thought to make a spear, properly complain that Crusoe has received an "unfair distribution" of fish?

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Whatever the complications and intricacies involved, the basic issue is the same whether we're talking about a remote island or a complex division of labor economy like America's: a man uses his mind and his existing property i. He doesn't gobble down an already-baked pie--he produces. Richard Branson, for instance, got his start selling record albums out of the back of his car.

The albums? They were his property.

The Evolution of Wealth & Human Security: The Paradox of Value and Uncertainty

The money he made by selling them? His property. Minimal wear.

The Rich, the Poor, and the Significance of Wealth Creation

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Real-life economics: Understanding wealth creation. Publisher: Routledge , This specific ISBN edition is currently not available. View all copies of this ISBN edition:. Synopsis About this title Since the end of the Second World War, industrial economic activity has been generated on an unparalleled scale. Review : "Unlike much contemporary economic analysis, this book lives up to its title.

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