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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label labor productivity. Show all posts
Showing posts with label labor productivity. Show all posts
Monday, July 23, 2012

Chinese Political Neo Luddites and How Productivity Means More Employment

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The clashing visions of entrepreneurs, whom in general desires to improve productivity through the marketplace (profit and loss system), and...
Thursday, February 24, 2011

Quote of the Day: Innovation Drives Productivity Growth

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Again here is another of Professor Donald Boudreaux’s provocative wisdoms , which makes my quote of the day... (bold emphasis mine) Eco...
Monday, July 12, 2010

Wage Convergence: Myths And Facts

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Dr. John Hussman, in this excellent weekly article , dispels the myth of cheap labor to argue for convergence of wages between the US and de...
Saturday, December 05, 2009

Graphic On The Real Cost of Buying A DVD

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Here is another interesting chart from the Economist. It shows of the "Time spent working to buy a DVD" or "the real cost of ...
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