Knowledge is becoming the one critical factorofproduction.
2
However, we've never heard them trumpet the free movement of the other mobile factorofproduction, namely labour.
3
The traditional factorsofproduction - land, labor, and capital - are becoming restraints rather than driving forces.
4
How may we explain the socialist's tendency to overestimate the importance of labor, and to underestimate the value of other factorsofproduction?
5
It could continue to render service only by cutting down the returns to the factorsofproduction,-bylowering profits, and especially by pressing down wages.