We are using cookies This website uses cookies in order to offer you the most relevant information. By browsing this website, you accept these cookies.
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.