Tom,
What a great example!
I'm bring it to class next tuesday
Jason
Let's assume we live in an economy that has no railroads, no airlines, no
electric or telephone utilities, no hospitals, no post-secondary education,
no military and no prisons. Let's also assume there are no monopolies and
that the state plays no role in allocating resources and redistributing
On Mon, 26 Jan 1998, Tom Walker wrote:
Productivity has become
largely a managerial afterthought. It is more a way of retroactively
matching outlays to output than it is a way of adjusting output.
The whole point of the computer revolution is that capital can
increasingly measure the
