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 …
Tag Archives: Labor Theory of Value
Wealth Creation: Does it Matter Where it Comes From?
Rent-seeking, in economic thought, seems to be critical to capitalism’s survival … but so is labor! Both are necessary to achieve the abundance we all seek …
Warp and Woof 