-
Perhaps it could or perhaps it couldn't since the revenues for enforcing such a law are techincally a type of consumption anyways. Also, how does savings grow an economy? For instance, imagine that output is one homogenous sum of things. A part of this thing is then saved. Later it is reapplied to...
-
I am starting to have difficulty believing that it indicates more productivity. I considered two cases where productivity of the worker doubles, and consider its long term influence on the GDP. Case 1 : Limited demand for item: In this extreme, the demand for the item is completely limited at the current...
-
I'm currently taking a Microeconomics class, and we were going over the productive capacity curve at the end of class and how the graph gets shifted, how the slope/concavity changes, etc. Anyway, at the end of class he asked a question he wanted us to think about before the next class (Thursday)...
-
In the old days, every member of a family had to work (unless aristocratic). The man, women, and their children. With increases in productivity you should see the number of people required to work drop off. Perhaps the children first, and then typically the female next. For a time, that's how it...
-
The Austrian reservation would apply, although this does not mean that your correlations are invalid or useless. What they can’t do is tell us about cause and effect. One of the first lessons in any statistics class is that correlation does not imply causation. Correlation can mean either that a) A causes...
-
[quote user="Stranger"]Purchasing power for an individual is determined by this individual's total productivity towards the market.[/quote]That's sounds like an interesting theory, but is it really like that? To be clear, productivity is a characteristic of a person or operational unit...