Apr

5

 My five-year-old daughter (now in Kindergarten) inquired this evening as to how money is made. She was clearly not asking about how people get jobs, or where money comes from, but how people (or companies, as she is familiar with them) actually cause wealth (in an abstract sense) to be increased in the world around them. And she clarified that she was not specifically interested in how I make money.

Perhaps there are thoughts on how to answer this question? Besides people having jobs, she knows that I trade things, and that kids her age have been known to set up lemonade stands, and she often grasps quickly all sorts of complex ideas about people's behavior as well as simple economics.

Sam Humbert remarks:

When my younger son was five, he offered this bit of economic analysis after tagging along with Mom on a series of shopping errands, and noticing that at every stop she gave the cashier some money, then the cashier handed her back some change: "It's good that you get change! That way, you never run out of money!"

Rod Fitzsimmons Frey writes:

Wealth was created from imagination and energy. Since there is no limit to the way creative and energetic people can increase the value of the things around them, there is no limit to wealth. It is literally created by the human spirit. 


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