In classical terms, the concept of production includes the concept of “widgets” and the costs required, both in aggregate and per piece, to manufacture said widget.
Whether you’re building missiles or metronomes, this holds true. In the short term, there are limits to production, and therefore the costs of production rise as the factors of production [...]
As long time readers have noticed, my focus on site promotion has waned in recent months as I’ve been focused on other things. You can’t blame a guy for being busy…
The last PageRank update, despite a lot of negative opinion in the blogosphere, has actually helped out Smart Guy. My PageRank jumped from a 3 [...]
How George Soros Predicted the Mortgage Crash
“All of this has happened before and all of it will happen again.”
(Anyone know from where I’m quoting?)