Tag Archives: production function

Economic Substitution Revisited: Unraveling the Firm

Traditionally, the field of Economics has used something called a “production function” to describe a relationship whereby inputs (in the simplest of models, these might simply be “labor” and “capital”) are turned into outputs (many economists refer to some abstract … Continue reading Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , | Leave a comment

21st Century Production Functions and Implications for the Labor Force, Employment, Unemployment and the General Population

I have been thinking a lot about economic models ever since I studied economics, but I have been thinking about them a lot more since the financial crisis. One point that has been a part of my thinking for a … Continue reading
Continue reading
Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , | Leave a comment