May 23, 2004

where do wages come from?





     a "great"
    american
     turn of the last century 
   burger academy  
   economist

   J.B. Clark 

   had an item
   in his little shop of horrors
   called
    a "production function "

   something 
   he shared
    with a number 
   of other
   "marginal" shops 
   of the time 

   using  it
    he showed 
   how one 
   " might "
    give 
    all of uz 
   our free market
    fair  deserts 

   too bad
   his 
   wildly simplistic 
   18th century
     math 
   didn't model
   anything real 

   let alone 
   all 
   he thought
    it might 
   ===================== 


     to be written soon !

    before 
    the summer hiatus 
    
    contents:
        promise  big time 
                   eye 
                  blinking
          
                  thunder strikes 



Posted by pinky at May 23, 2004 03:41 AM

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