Curt Doolittle

Category: Economics, Finance, and Political Economy

  • THE VALUE OF THE CLASSES There is a very great difference between transforming t

    THE VALUE OF THE CLASSES

    There is a very great difference between transforming the state of the physical world by physical coercion (labor), and transforming the choices and organization of people using incentives (layers of entrepreneurship and management). The physical world can’t choose between options. Man can choose between options unless he is in fact a slave – thereby lacking exit. Now, one might say that exit is not itself a favorable choice, but then it is a choice for labor, and not a choice for slaves. The Communist and Socialist wants to create serf labor – lacking exit but the management (state) takes ownership for the survival of the serfs. The Democratic socialist wants to preserve voluntary organization of production but monopolize involuntary production of commons by maximum extraction of the profits of the market. The classical liberal wants to preserve the private production of goods, services, and information, and the private production of all commons it is possible to produce in that market, while limiting the involuntary production of commons to those of via-negativa constraint: Military, Justice, Law. The anarchist (libertarian) wants to prohibit the production of involuntary commons (despite this is as impossible as communism since there is no incentive to participate in an uncompetitive polity, when a polity is and of itself, a commons. We cannot restore pastoralism(zero-commons). Even if those peoples that have never succeeded at agrarianism and been through it’s evolutionary grinder, desperately want to restore it and resist civilization at every opportunity. All the potential value is created by the martial aristocracy. All the value is created by the entrepreneurial class. The vast amount of the benefit is obtained by the laboring classes, and the underclasses that would otherwise be dead. The beneficiary of civlization is largely labor. The principle benefit of the few at the top, and the minority in the middle, is signaling that preserves their identification as those who successfully organize potential, organize production distribution and trade, and organize the labor that requires little other than the physical to transform the physical world.

    Source date (UTC): 2018-05-16 11:00:00 UTC

  • We Can’t Get out Of It. People at The Bottom Will Increase Drag

    The OECD also highlights a decoupling between productivity growth and higher real average wages in many countries, resulting in continued declines in labour’s share of national income. In turn, the Compendium shows that the contribution of labour utilisation (hours worked per capita) to GDP growth has risen markedly in a number of countries, notably in the United Kingdom and the United States. However, rises in labour utilisation reflect two opposing effects: higher employment rates but lower average hours per worker, which points to more part-time working, often in low productivity jobs. Higher employment rates are welcome. But the fact that they, rather than increases in labour productivity, have been the most important driver of GDP per capita growth in many economies in recent years is a concern for long-term economic prospects, it adds. The OECD says productivity is ultimately a question of “working smarter” – measured by ‘multifactor productivity’ – rather than “working harder”. It reflects firms’ ability to produce more output by better combining inputs through new ideas, technological innovations, as well as by way of process and organisational innovations, such as new business models. May 14, 2018 2:23pm

  • We Can’t Get out Of It. People at The Bottom Will Increase Drag

    The OECD also highlights a decoupling between productivity growth and higher real average wages in many countries, resulting in continued declines in labour’s share of national income. In turn, the Compendium shows that the contribution of labour utilisation (hours worked per capita) to GDP growth has risen markedly in a number of countries, notably in the United Kingdom and the United States. However, rises in labour utilisation reflect two opposing effects: higher employment rates but lower average hours per worker, which points to more part-time working, often in low productivity jobs. Higher employment rates are welcome. But the fact that they, rather than increases in labour productivity, have been the most important driver of GDP per capita growth in many economies in recent years is a concern for long-term economic prospects, it adds. The OECD says productivity is ultimately a question of “working smarter” – measured by ‘multifactor productivity’ – rather than “working harder”. It reflects firms’ ability to produce more output by better combining inputs through new ideas, technological innovations, as well as by way of process and organisational innovations, such as new business models. May 14, 2018 2:23pm

  • Density Income and Taxation

    Once you start thinking the equilibrium between density and the discount on opportunity, versus sparsity, and the premium on the commons, you understand that value judgements of the urban vs suburban, vs rural people. The lower density the more responsibility for commons and the more costly are opportunities. Whereas the higher density the lower responsibility for commons and the lower cost of opportunities. Hence why density determines value judgements regarding the private and common.

  • Density Income and Taxation

    Once you start thinking the equilibrium between density and the discount on opportunity, versus sparsity, and the premium on the commons, you understand that value judgements of the urban vs suburban, vs rural people. The lower density the more responsibility for commons and the more costly are opportunities. Whereas the higher density the lower responsibility for commons and the lower cost of opportunities. Hence why density determines value judgements regarding the private and common.

  • Let’s Get This Labor Thing Straight.

    Let’s get this labor thing straight. Labor has no value other than under capitalism we can create a consumer out of the laborer which organizes the very fractional contribution of labor into large groups producing many complex parts, and the complex part provides the value. The profit on the price is required to organize others in this network. That’s the whole thing. If you’re ‘labor’ you aren’t ‘value’ to others, since none of us is productive enough to matter. What matters is multipliers, and labor isn’t one. Labor’s primary value lies in (a) you are at least self supporting because (b) as a slave you’re even less productive, and (c) as a barbarian you’re a parasite. The value is in organizing using incentives using prices and profits.

  • Let’s Get This Labor Thing Straight.

    Let’s get this labor thing straight. Labor has no value other than under capitalism we can create a consumer out of the laborer which organizes the very fractional contribution of labor into large groups producing many complex parts, and the complex part provides the value. The profit on the price is required to organize others in this network. That’s the whole thing. If you’re ‘labor’ you aren’t ‘value’ to others, since none of us is productive enough to matter. What matters is multipliers, and labor isn’t one. Labor’s primary value lies in (a) you are at least self supporting because (b) as a slave you’re even less productive, and (c) as a barbarian you’re a parasite. The value is in organizing using incentives using prices and profits.

  • Lets get this labor thing straight. Labor has no value other than under capitali

    Lets get this labor thing straight. Labor has no value other than under capitalism we can create a consumer out of the laborer which organizes the very fractional contribution of labor into large groups producing many complex parts, and the complex part provides the value.

    The profit on the price is required to organize others in this network.

    That’s the whole thing. If you’re ‘labor’ you aren’t ‘value’ to others, since none of us is productive enough to matter. What matters is multipliers, and labor isn’t one.

    Labor’s primary value lies in (a) you are at least self supporting because (b) as a slave you’re even less productive, and (c) as a barbarian you’re a parasite.

    The value is in organizing using incentives using prices and profits.

    Source date (UTC): 2018-05-15 08:39:00 UTC

  • Economists shall measure all changes in capital including genetic, normative, cu

    Economists shall measure all changes in capital including genetic, normative, cultural, and institutional, rather than merely income and productivity – else we do not know whether we spend down our precious long term wealth for short term consumption – congratulating ourselves for nothing other than wasting our inheritance.

    Source date (UTC): 2018-05-15 07:09:00 UTC

  • The Incentive to Produce Quality Goods, Services, and Information

    by Steve Pender In a village/polity populated entirely by family/loved ones, there is lower incentive to produce low quality goods, since the only people using them would be allies/family, and their use of those goods diminishes the survival of the polity. Voluntarily producing lower quality goods and profiting more due to higher markup opportunities would be seen as a form of treason to one’s people. 3 scenarios: EMPIRE: Individual with high quality production ability + lower-quality strangers = incentivized to lower production standards and privatize profit COSMOPOLITAN FREE MARKET: Individual with high quality production ability + high-quality strangers = incentivized to maximize producer surplus (profits) since no long-term alliance NATIONALISM: High quality production ability + high quality family/allies = incentivized to maximize production quality, lower incentive to profit (since profit is just a means to ensure privatized survival) Why do people maximize profit? Because they can’t guarantee long-term alliances with those around them, and maximizing profit is the means to increase long-term survival. We don’t feel the strong need to profit with trade between friends/family. Why is that? Because long-term survival is more important.
    May 14, 2018 8:31am