...you declared that land, labor, and capital were the bases of market value...the considerable value it probably has? Why doesn't the same amount and...mentions Romer labours? Why didn't he say human capital? On land as...artBody;col1 On labor and "human capital" http://en.wikipedia.org/wiki/...some amount of land, labour, and capital investment, unless they are willing to...
...wrote: "Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could ...Labor had not first existed. Labor is superior to capital, and deserves much the higher consideration." ... back when honesty and hard work were American virtues. As for 'Why don't They CelebrateCapital?'.. They do every day.. Just watch the smiles in the Bentleys going by.
...finite planet. Study the history of capitalism over the last 200 years. Compare ... flag. Hiding behind the history of capitalism won't help you. Comparing past lives...will it make resources infinite. Ask yourself why so many people have invested so much time and effort into capitalism, why there is a history of capitalism at all. Scarcity, that's why. When you have some valid evidence to...
...After all the "invisible hand" of free markets is little more than free speech on economic issues. Anyway, if you openly admit you're ignorant of plain English then you ain't gonna have much credibility. That's why all yer rich buddies in power are using trillions (13 figures) of tax payer money to bail out all those loser capitalist financial institutions. Bret Cahill
... them is that *we can't produce more*. Nope, that would be you. Remember, you said capitalism had solved the problem of scarcity. But now you are vacillating. ... If land is scarce...scarce than others, e.g. beachfront or land in Monaco or Beverly Hills or Palm Beach. So capitalism has failed there? Is it possible that you really don't understand any of this? It's not ...
... his time searching for food, so its difficult for him to concentrate on the discussion. Btw, the reason why some land is more valuable than others is in fact because of scarcity. That's an actual example of the concept applying in economics. But why? Because you can't produce anymore! Different sections/areas of land would be "valuable" even if I was ...
...a hint: food is perishable. ------------------------------------------------ Btw, the reason why some land is more valuable than others is ... example of the concept applying in economics. But why? Because you can't produce anymore! .... Your point doesn't at all explain why some land is more valuable than other land. At best it would explain why land is worth more than other commodities, ...
...he has to spend a lot of his time searching for food, so its difficult for him to concentrate on the discussion. Btw, the reason why some land is more valuable than others is in fact because of scarcity. That's an actual example of the concept applying in economics. But why? Because you can't produce anymore! Fred Weiss
...> news:9ZWdnQIon90GxFLVnZ2dnUVZ_r_inZ2d@aci.on.ca: Why should the fact that an item...>> typed here in this thread. Why, your labour holds no value for...> randomly typed character is scarce. Why doesn't that scarcity impart ... if its an erroneous concept why haven't you cited some ...to make? Did you read them? Why does wiki refer to HC ... Is he a ditch digger? Why does the 2nd article, the ...
....con> wrote in news:9ZWdnQIon90GxFLVnZ2dnUVZ_r_inZ2d@aci.on.ca: Why should the fact that an item is scarce render...what you've typed here in this thread. Why, your labour holds no value for me. But... page filled with randomly typed character is scarce. Why doesn't that scarcity impart great value to ...can do? Well if its an erroneous concept why haven't you cited some texts with the ...
