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Productivity and Value takes a critical look at the generic concepts of productivity as they are used in most of the conventional literature. In this compelling book, the author challenges the concept of total-factor productivity as a valid indicator of successes or failures in economic policy and in the economy generally. Unique to this book is the consistent distinction made between economic and physical expressions. The author examines the difficulties when physical and economic measures are mixed. Instead, he proposes that productivity, as a measure of progress in production, should be…mehr

Produktbeschreibung
Productivity and Value takes a critical look at the generic concepts of productivity as they are used in most of the conventional literature. In this compelling book, the author challenges the concept of total-factor productivity as a valid indicator of successes or failures in economic policy and in the economy generally. Unique to this book is the consistent distinction made between economic and physical expressions. The author examines the difficulties when physical and economic measures are mixed. Instead, he proposes that productivity, as a measure of progress in production, should be limited to single-factor of key commodities, such as land, labor, energy, and capital. Such a measure, he claims, will be more realistic and will also come closer to being understood by the public.
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Autorenporträt
The author of "Picatrix" was likely a highly educated and intellectually versatile scholar, deeply rooted in the Arabic-speaking world of the 11th century. He was well-versed in a variety of disciplines, including astrology, alchemy, and philosophy, drawing on Greek, Persian, and Indian sources. As a participant in the Islamic Golden Age's rich scholarly tradition, he likely had access to extensive libraries and intellectual circles. His work suggests a blend of academic knowledge and practical application, indicating both theoretical understanding and hands-on experience in astrological and magical practices.