Thursday, December 29, 2016

Pick any two out of the three

  1. Output is constant returns to scale in rivalinputs
  2. Non-rival inputs receive some portion of output
  3. Rival inputs receive output equal to their marginal product 
Clever compression by

 Our system's lead ideologians chose to act like we  operate thru  1 and 3

When 2  is there as IP rights
Result 3 is violated
Pigou type Exploitation of wage labor

Neo classically sound Clark world exploitation


Choice one is a non go from the get go