Ayau Chapter Summary

In the detailed study written by Ayau he discusses that cooperation is the key to everyone becoming wealthy. Ayau argues that cooperation is the balance to the economy versus the psychological satisfaction one tends to feel when they trade something. In today’s society we are use to giving something in order to receive something whether it is through making a payment or trade. Ayau provides an in depth explanation of how the process of trading works in chapter two by breaking down the gains in a mental exercise. Even though we do not use a mental exercise to consider gains in trading, we do however initiate a cost-benefit analysis. Ayau goes on to explain that his theory is one that proves the process is trial and error, not perfect and could change. Ayau talks about how it does not take a skill set, technology or new methods do not contribute to overall wealth. After reading Ayau’s monograph it enlightened me to understand how trading is prevalent in most of our lives daily. For example, when I hear trading, I immediately think back to the pilgrim age when the Indian and pilgrims used trade to boost the economy. Ayau explains how trading part of economy is currently by using the example

By enriching others it is like a cycle that will repeat itself and work for the good of everyone. It’s almost like the old saying “be careful of the seeds you sow” mentality because you know if you are help someone it’s like planting a good seed which will in return produce a harvest. In addition, he explains how the law of comparative cost influences our decisions in what we allow when dealing with tasks and resources such as property, abilities, and even time. Ayau provided an example to compare and contrast himself, Farmer Jones and the secretary in which he was able to depict how both of them contribute to society and how everyone in the community benefits from comparative