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Author
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Topic: The Essence of Productivity
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DrConway
rabble-rouser
Babbler # 490
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posted 08 July 2002 08:12 PM
'lance and flotsom together discover the utter distilled essence of productivity in the following discussion:flotsom: quote:
But don't overlook the fact that, as a THC deliverer, The Weed has grown all that much more efficient, hrmff.It is a case of one getting more bhang for your buck, as it were, harumpff, hypothetically.
'lance: quote:
But you're quite right, er, hypothetically. And I'm reliably informed that it's quite possible to buy the stuff for considerably less than $10 a gram, too. A classic case of deflation. Hypothetically.
As you can see, they have rapidly concluded how productivity growth can result in noninflationary tendencies in prices.  And therein, folks, lies the whole debate about productivity in economics. Bravo!
From: You shall not side with the great against the powerless. | Registered: May 2001
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flotsom
rabble-rouser
Babbler # 2832
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posted 08 July 2002 09:53 PM
quote:
But you're quite right, er, hypothetically. And I'm reliably informed that it's quite possible to buy the stuff for considerably less than $10 a gram, too. A classic case of deflation. Hypothetically.
It works like this... If Charles would like one widget then he gets his one widget and he is out ten clamshells. But if Charlie (note that it's Charlie now) is in the market for aprox. 500 widget then he gets his aprox. 500 widgets and it sets him back 2000 clamshells. The price of one widget has just dropped from 10 clamshells to four clamshells.
From: the flop | Registered: Jul 2002
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'lance
rabble-rouser
Babbler # 1064
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posted 08 July 2002 10:21 PM
Ah, just so. But see, the thing is this: I'm not sure what Charles, or Charlie, would be doing with just one widget. It certainly wouldn't do me, or anyone I know, much good. Widgets are best used in the company of at least one other person, yes? Thus two widgets would seem the practical minimum.Now, 500 widgets I'd think a bit excessive. That's getting into wholesale quantities, and personally, I have no interest in getting into the widget business. But say I were to purchase, oh, 7 widgets for 60 clamshells, or even 14 widgets for 100 clamshells? This also looks practical. Hypothetically, of course.
From: that enchanted place on the top of the Forest | Registered: Jul 2001
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