“I can live well alone!” is not correct. If I live alone, I can survive to some extent, but ultimately, it is hard to survive, and “living well” is even more challenging. This is because the economic principle is established not by ‘alone’ but by ‘many people.’ If I live well, it means that someone has become poor because of me or is living well with me. The fact that through value exchange, or transaction, we can meet each other’s needs and store the surplus from that production is both true and real. Trading is not done in isolation. - Joseph’s “just my thoughts”
Ability and skill are distinct concepts. When we refer to a person’s unique power as an ability, the capacity to translate that power into real-world action is known as skill. Some individuals fail to succeed despite having remarkable abilities because they struggle to bring those abilities to fruition in reality. Essentially, ability denotes potential, while skill represents the achievement of that potential. The market serves as a tangible environment where many express their aspirations; thus, regardless of how exceptional their abilities may be, relying solely on skill is insufficient. This is why luck plays a crucial role in success. - Joseph’s “just my thoughts”