Understanding Economics - Lesson Two: Land, Labor, & Capital (Part 1/6 Land)
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why isnt labour the same as a capital good? why differentiate? i liked all the episodes up to this because they were so universal abstracted from the real world sort of yet ringing full of truth. this doesnt really seem like that.
TheStfu1000 4 months ago
to be more specific- economic land (natural resources) is the equilibrium quotient in terms of sustainability...... yeah, humans can make more goods for consumption, only determined by natural abundance of non man made matter- our most precious thing (air) is not produced by us...
..and so to not account for this mathematically (or for fiscal policy purposes) is akin to junk science.....
frankle326 6 months ago
why do you not differentiate between human made materials and non human made materials? mathematically speaking, all models will not represent the real world as a result...
frankle326 6 months ago
Not pointing any fingers, John Maynard Keynes... lol
scammaj12 1 year ago
sick nice vid
bharthts01 1 year ago
Keynesianism is a belief in magic paper :-)
Stargazer5781 2 years ago
@Stargazer5781
Keynesianism is sharing power between a state oligarchy and capitalist oligarchy. Thus elitism.
GodOfTheInternets 2 years ago
Keeeyyynnneeesss!
Stargazer5781 2 years ago