Tag: money

When Jean-Baptiste Say published his Treatise on Political Economy in 1803, he was not trying to be provocative. He was trying to be clear. In doing so, he ended up stating something both obvious and easy to forget: real economic activity begins with production, not consumption.

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money-investing, personal finance, and business decisions is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet.

Many people say that the key to a good relationship with your partner is practising honesty and open communication, and this also applies to money matters. Many people struggle to talk about finances with their partners, which isn’t surprising as money is one of the most common reasons long-term relationships end.