Bøger af Tim Walshaw

The source of all wealth is enterprise. Enterprise is the action of the Entrepreneur to start a firm to produce and sell goods and services, and it is intended that the firm would operate under increasing returns to scale. The book is based on the concept of increasing returns to scale. Increasing returns to scale is the source of profit. The economic theory of increasing returns to scale is discussed in detail, and this concept explains why enterprise and entrepreneurs operate through increasing returns to scale to create wealth.Aside from the theory, Part II explains how you can get rich from nothing, using enterprise alone. Just what is in your head, and a bit of initial hard work. No capital is needed, and no, it is not risky. As a famous venture capitalist said, if the business fails, you are the last to be fired. All you need is a profitable idea. An original one is best. Otherwise you can copy somebody else's successful idea. Many do. But the firm has to operate under increasing returns to scale. Otherwise you are just buying yourself a job. So be enterprising. Start a firm to produce and sell something!

TAXES ON ECONOMIC RENTS are considered by economist to be an "ideal" tax. That means that there are no distortions when the tax is applied. The currently applied taxes have distortions that shift the burden of the tax onto the economically weak, reduce investment, reduce growth, increase unemployment, and apply an invisible "tax on tax" that reduces the possible amount of tax revenue can be raised. Economic rent taxes are free of these harmful effects. From the age of the Pharaohs bad tax design has repeatedly led to economic collapse, civil wars and total disaster. Economic rent taxes could prevent this happening again.

The book describes a very simple method to find increasingly profitable companies to invest in and rejecting investment in companies which are likely to be unprofitable. You can do this yourself without needing the assistance of investment advisers and tipsters.This method, calculating the degree of Returns to Scale of a company, is new and has been used to date by only a few individuals to their considerable profit. Firms with Increasing Returns to Scale have rapidly increasing profits and usually rising share prices. Now, using this book anyone can use this method easily to find firms with Increasing Returns to Scale to invest in, (and rejecting investment in firms with Decreasing and Negative Returns to Scale), to their great profit.