History is not a science — it doesn’t predict the future, or “repeat itself.” But studying history does develop critical thinking and other great skills. It shouldn’t be minimized!
Tag Archives: Adam Smith
Labor Productivity
People oversimplify the idea of productivity, and the basic concept is pretty simple (Productivity = Output/Input). But the modern world economy, due to technology, social forces, etc. makes the definition of “productivity” a bit more interesting …
Warp and Woof 