Tag Archives: factors of production

Knowledge as a factor of production. Knowledge is broader than information. Knowledge includes tacit knowledge, skill, and critical and creative thinking. In other words, the study of knowledge involves epistemology, logic and language, psychology, and other relevant fields in addition to information.  Information can be formalized but a great deal of knowledge cannot, at least given present limitations and future prospects through technology. Labor as the human component of...

Engels quote. Grasping Reality Friedrich Engels on invention as a factor of production Brad DeLong | Professor of Economics, UCAL Berkeley

What happens when land is consolidated with capital as a factor and the objective is maximizing profit short-term.The GuardianMass starvation is humanity’s fate if we keep flogging the land to deathGeorge MonbiotSee alsoPatreonPrinciples of Political Economy: The opening lines Steve Keen