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How To Make Use Of This Lesser-known Paradox Of Wealth
Make every exchange a Win-Win-WIN situation.
4 min readMay 20, 2019
Imagine this:
You are a Painter and you’ve just finished an awesome painting.
Now you want to put it up for sale.
It’s pretty straight forward:
- Your aim is to earn money from your craft.
- The potential buyer’s aim is to obtain a piece of art for aesthetic pleasure.
Sooner or later, a transaction was made.
Let’s say you sold the painting for $100
- The buyer would only buy the painting if he/she feels like it was worth more than $100.
- And you would only sell it for $100 if you feel like it was worth less than $100.
So, what’s the moral of the story here?
The Paradox of Wealth is that Wealth is built through unequal exchange.