Thursday, January 12, 2012

its the production platform

economy is prolly a bad blurr word

we macro nauts aim at a simple  target

pushing toward the frontier as far as poosible
  the outputs
 of  the  existing  national production platform

no not across the board
 and what's more
no not without problematic weights (prices)
 attached to the various heterogenious product types

but as macronauts we ignore value added inefficiences in the out put sets
 proportions
yes some other set of possible ouputs would always exist with a higher value added

our task
 maximizing factor  utilization it self

not the  maximally efficent use   of the utilized factors

for that agents controling factors
  must be correctly incentivized