|
|
|
|
|
by PaulHoule
1512 days ago
|
|
"Total Factor Productivity" is one way economists struggle with it. To maximize prosperity we need to be efficient with social capital, financial capital, labor and other factors of production: it is now a multiple-objective optimization problem for which there is no longer an equilibrium solution and thus it evades assigning a specific number to "Total Factor Productivity". |
|