Sunday , November 24 2024
Home / EconoSpeak / Yes, More Questions

Yes, More Questions

Summary:
If the whole labour of the country was just sufficient for the support of the whole population; would there be any surplus labour or capital accumulation?If the whole labour of the country could raise as much in one year as would maintain the population for two years, would the country cease working for a year, would the surplus be left to perish or would the possessors of the surplus produce use it to employ people on something not directly and immediately productive, for instance, the erection of machinery?If surplus produce from the first year is invested in machinery or other productive capital in the second year would the annual output in the third year be the same as, less than, or more than that in the first year?  If the whole labour of the country could raise as much in the third

Topics:
Sandwichman considers the following as important:

This could be interesting, too:

Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it

Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister

New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice

Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.

  1. If the whole labour of the country was just sufficient for the support of the whole population; would there be any surplus labour or capital accumulation?
  2. If the whole labour of the country could raise as much in one year as would maintain the population for two years, would the country cease working for a year, would the surplus be left to perish or would the possessors of the surplus produce use it to employ people on something not directly and immediately productive, for instance, the erection of machinery?
  3. If surplus produce from the first year is invested in machinery or other productive capital in the second year would the annual output in the third year be the same as, less than, or more than that in the first year?  
  4. If the whole labour of the country could raise as much in the third year as would maintain it for two years plus the addition output enabled by machinery would they cease working for a year, would the surplus be left to perish or would the possessors of the surplus produce use it to employ people on something not directly and immediately productive, for instance, in the erection of more machinery, etc.?


Leave a Reply

Your email address will not be published. Required fields are marked *