Digression: Depletion and Inflation

Throughput of resources, a first derivative of wealth, is of two kinds, gross and net. Net throughput is the flow of goods and services in the economy. Gross throughput is net throughput plus the resources required to extract and process wealth into these goods and services.  ... Read more

Global Warming – Is it too late?

There are four main opinions on the subject of global warming:

1) It’s not happening.

OR

2) It’s happening but has causes other than anthropogenic increases in the atmospheric carbon dioxide content, for instance the precession of the nodes of the earth’s orbit and cyclical variations in the sun’s radiation.

  ... Read more

Digression: Resource Consumption, Jobs, and Hands Off

Is increasing throughput always bad?

Not necessarily. Many times in these postings, the reduction of throughput is stated or implied to be a benefit. But this only applies to present-day conditions when so many resources are being depleted because they are throughput faster than they can be renewed.  ... Read more

The Throughput Chain

The throughput chain comprises several “links”, different processes that follow one another but do not all necessarily take place at the same rate. The processes commonly are: the extraction or controlling of wealth; its rendering or structuring into saleable goods and services; the sale of those goods and services; and their subsequent degradation into waste matter from which wealth may be renewed.  ... Read more

Digression: Government Expenditure – Government Employees

Any employee of government would be familiar with the problems peculiar to their area – the “walking dead”, the top-heavy hierarchy, the frequent and prolonged breaks. But it is a mistake to state sweepingly that “all civil servants are slackers”.  ... Read more

Demographic Trends and Living Standards

People are agents of throughput and the younger, healthier and less resistant to change are the people (for a given population, state of technology, and resource availability), then the larger and better quality the throughput they can achieve.

In more perfluent countries, in recent years, several factors have combined to effect a steady increase in the average age of the population.  ... Read more

Misconceptions in Practice

The inadequate or wrong concepts of current economics lead to a number of misconceptions, some examples of which will be given.

“Soak the Rich”

The “soak the rich” taxation policy sometimes advocated or practiced by the political left is based on a confusion about the nature of wealth.  ... Read more

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