Curt Doolittle

Theme: Productivity

  • Half the story. The other half consists of productivity, credit capacity. In oth

    Half the story. The other half consists of productivity, credit capacity. In other words, if we under-utilize credit capacity we are underachieving social goods.

    Source date (UTC): 2018-04-07 22:52:21 UTC

    Original post: https://twitter.com/i/web/status/982752970478583808

    Reply addressees: @wef

    Replying to: https://twitter.com/i/web/status/982751632063631361

    IN REPLY TO:

    @wef

    This is how much debt your country has per person https://t.co/f4EPX0uUAg #economics https://t.co/UzC8qP9VCk

    Original post: https://twitter.com/i/web/status/982751632063631361

  • We get what we measure. When we start over in economics by measuring the full su

    We get what we measure. When we start over in economics by measuring the full suite of capital instead of how fast we burn it down, then economics will be a science rather than an excuse by which to substitute consumption for morality in the production of policy. 😉

    Source date (UTC): 2018-04-07 18:55:00 UTC

  • Production or Consumption?

    by Ely Harman Women participating in economic production, (beyond a very low level where their specializations are most helpful, or until marriage) are not participating in production but participating in consumption – especially the consumption of their genetic inheritance, in exchange for a single lifetime of careerism and sensation seeking. But all the status and memories they accumulate that way will die with them. I don’t see what was wrong with the post agrarian norms, where men were responsible for all of the war and politics and most of the economic production, while women were responsible for most of the reproduction and caretaking. That worked well enough for thousands of years. I think the main reason it’s been abandoned is that defection is individually rational, but collectively irrational. Nearly everyone would be better off, in their own estimation, if defection were effectively barred, though they may be better off still if they were able to defect while no one else could (fails existential possibility and reciprocity.

  • Production or Consumption?

    by Ely Harman Women participating in economic production, (beyond a very low level where their specializations are most helpful, or until marriage) are not participating in production but participating in consumption – especially the consumption of their genetic inheritance, in exchange for a single lifetime of careerism and sensation seeking. But all the status and memories they accumulate that way will die with them. I don’t see what was wrong with the post agrarian norms, where men were responsible for all of the war and politics and most of the economic production, while women were responsible for most of the reproduction and caretaking. That worked well enough for thousands of years. I think the main reason it’s been abandoned is that defection is individually rational, but collectively irrational. Nearly everyone would be better off, in their own estimation, if defection were effectively barred, though they may be better off still if they were able to defect while no one else could (fails existential possibility and reciprocity.

  • NO, LABOR IS DEAD WEIGHT NOT VALUABLE Thats nonsense, since all the money in the

    NO, LABOR IS DEAD WEIGHT NOT VALUABLE

    Thats nonsense, since all the money in the world will eventually find someone to do the work.

    Empirically, we pay people in proportion to how many people (or what materials) that they organize. This is irrefutable. So the market calculates labor as nearly valueless. And differences in compensation between states a reflection of stages of development (choices of labor.)

    In other words, we pay people according to their vaue and their value is in ordganizing people and things to produce stuff that others will pay for having organized people and things.

    Labor flees to cheap countries with unskilled people for precisely the reason that it is of no value.

    Marx died knowing he was wrong. He’d read Menger and understood he’d failed. He just couldn’t tell Engels or he’d starve. We know that because we can see his notes and when he stopped writing. He stopped writing when he understood his entire edifice was built on falsehoods.

    The dirty secret of history is that those civilizations that produced the most eugenic agrarianism created the highest standards of living. Labor is not only valueless it’s dead weight. If you cannot organize people and things you are not valuable.

    Source date (UTC): 2018-04-04 21:55:00 UTC

  • The only Possible Means of Institutionalizing Scale Is Markets in Everything

    1 – “All human organizations evolve to maximize rents, until it is impossible for those organizations to adapt to change or shocks.” 2 – “Organizations that collapse due to the maximization of rents, and inability to adapt to shocks, do not recover.” 3 – “Collapse is caused by competing organizations with fewer or lower accumulated rents – seeking military economic religious and demographic expansion.” 4 -“Collapse is preventable by extermination of rents, by the preservation of markets for association, reproduction, production, production of commons, production of defense.” 5 – “Markets in everything are producible by a government that shifts from redistributive(liberal), to productive(classical), to warfare (fascism) in response to changing circumstances.” 6 – “Unfortunately, the human intuition is to pursue decreases in effort to calculate, and to maximize regularity, so that fringe opportunities are of the lowest cost to seize with the lowest need to organize to exploit them. And therefore, the human intuition is false (counter) at scale – as in all things. Those who seek regularity seek the luxury of freedom from adaptation”. 7 – “ergo the only possible means of institutionalizing scale is markets in everything, under a government unable to institutionalize policies that provide discounts in exchange for reducing the ability to adapt to shocks.” 8 – “that which does not kill you does in fact make you stronger, and the process of continually maintaining and building strength to resist the vicissitudes of man and nature, is produced via negativa : by preservation of competition in al things using markets in all things.”

  • Scandinavia

    Everything good about Scandinavia existed before their ‘experiment’. Everything bad about Scandinavia has occurred because of their experiment. Geographic insularity breeds economic, social, political, and military complacency.Wealth allows greater expression of folly. That’s bad.
    https://mises.org/library/scandinavian-unexceptionalism-culture-markets-and-failure-third-way-socialism#

  • Scandinavia

    Everything good about Scandinavia existed before their ‘experiment’. Everything bad about Scandinavia has occurred because of their experiment. Geographic insularity breeds economic, social, political, and military complacency.Wealth allows greater expression of folly. That’s bad.
    https://mises.org/library/scandinavian-unexceptionalism-culture-markets-and-failure-third-way-socialism#

  • Everything good about scandinavia existed before their ‘experiment’. Everything

    Everything good about scandinavia existed before their ‘experiment’. Everything bad about scandinavia has occured because of their experiment. Geographic insularity breeds economic, social, political, and military complacency.Wealth allows greater expression of folly. That’s bad. https://twitter.com/DrMarkThornton/status/981545333355368448

  • by Ely Harman Women participating in economic production, (beyond a very low lev

    by Ely Harman

    Women participating in economic production, (beyond a very low level where their specializations are most helpful, or until marriage) are not participating in production but participating in consumption – especially the consumption of their genetic inheritance, in exchange for a single lifetime of careerism and sensation seeking. But all the status and memories they accumulate that way will die with them.

    I don’t see what was wrong with the post agrarian norms, where men were responsible for all of the war and politics and most of the economic production, while women were responsible for most of the reproduction and caretaking. That worked well enough for thousands of years.

    I think the main reason it’s been abandoned is that defection is individually rational, but collectively irrational.

    Nearly everyone would be better off, in their own estimation, if defection were effectively barred, though they may be better off still if they were able to defect while no one else could (fails existential possibility and reciprocity.

    Source date (UTC): 2018-04-03 15:43:00 UTC