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Modern Economics ruined the world

#16 User is offline   r-z 

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Posted 06 May 2009 - 05:00 AM

QUOTE (Marla Singer @ May 6 2009, 09:30 AM) <{POST_SNAPBACK}>
From my limited knowledge of economics: Only if our resources increase can the production possibility frontier increase. Therefore, unless we find new resources we're still bound to the same frontier and can only reach maximum efficiency at a certain point. How can it not be possible if we run on manufacturing? If we increase the efficiency in manufacturing productions, it's possible to reduce the amount of supplies needed. Therefore companies should work on increasing efficiency and decreasing waste because it saves them money and saves whatever agenda you have against them... sorta.

Companies almost always try to increase the profit and decrease lost. Efficiency doesn't always equate to more profit.
just look at how bigass companies like monsanto / cokacola / tobacco operate. They get profit exclusively by inefficiency and waste.

#17 User is offline   nadia_aidan 

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Posted 06 May 2009 - 05:30 AM

QUOTE (oxy.moron @ Mar 8 2009, 06:11 PM) <{POST_SNAPBACK}>
www.storyofstuff.com

why moderm economics sucks.


That was the most insightful site on economics I've ever seen.

Jazakillahu khair for the link oxy! thumbup.gif

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