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reflection on law of diminishing returns and opportunity costs
The law of diminishing returns states that adding more of one factor of production (while keeping others constant) will at some point yield lower per unit returns. While this seems to hold true in the context of material production processes, … Continue reading
Posted in economic theory
Tagged diminishing returns, synergy
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new economic theory
I have been recently asked about contributing some ideas to development of new economic theory, more specifically: Does investing systemically create more value for the dollar than in a linear system? I have put together a few initial thoughts on a new economic theory … Continue reading
Posted in economic theory
Tagged diminishing returns, growth, growth and development, levels, limits, markets, synergy
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