If reasoning based on 'empirical evidence' were so good, economists and politicians would know everything that is going to happen. Yet they don't.
Greater abundance devalues the relative productivity of labour to machinery. But in the contemporary case, there is not enough demand (ie. low/no economic/population growth in the rich world) to valorise the greater…
If reasoning based on 'empirical evidence' were so good, economists and politicians would know everything that is going to happen. Yet they don't.
Greater abundance devalues the relative productivity of labour to machinery. But in the contemporary case, there is not enough demand (ie. low/no economic/population growth in the rich world) to valorise the greater…