Brilliant that the limit to growth of real output is a function of the tightness of growth utilization instead of the tightness of employment. This is exactly right.
@PeterMcLoughlinStargazer18776 жыл бұрын
I wonder if the Korean war anomaly in the data might be due to logistical techniques developed during the war and being rapidly adopted by the postwar economy. Operations research and linear programs were wartime developments which revolutionized industry after the war. maybe something with bottlenecks having to do with implementation or lack there of in the wider economy.
@ArilandoArilando8 жыл бұрын
Is growth utilization measured as a percentage of the profit rate or profit rate net of interest?