Fallacy of Composition: No Backtracking in the Market
For better or for worse, we are born with limited physical and mental capacities vis-à-vis unlimited desires of indefinitely many kinds. Providentially, we have to gratify each desire bit by bit every once in a while. Yes, consumption of goods and services is periodical while we are in Here. On the other hand, nothing pleasant to consume comes for free. Consequentially, we have to produce utilities, necessary or desirable, directly or indirectly, and that also periodically. In modern times, our life is communal as well as private; we spend some time in the public arena producing some things potentially utile and consuming other actual utilities. Particularly we trade periodically in the public market of consumable products on one hand and creative services on the other. Now, a clear definition, may it be implicit, of the accountin...