All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: Les H who wrote (39070)	6/12/2000 10:05:00 AM
From: BGR	Read Replies (3) of 42523

Huh!? You assume that the benefit space is limited and static - in which case, of course, as long as net dollars spent on consumption remain stable there may be no productivity growth. Not true at all. Net dollars spent on geriatric health care, for example, may remain the same (I am not stating that to be the case, but let's assume it is for the sake of the argument), but the benefits - a more healthy and longer life - are forever expanding. Hence, to capture the increased benefits per unit cost, hedonic pricing needs to be applied. Yours is typical Skeeter Bug thought in action, that computers have no purpose beyond word processing and that's that.

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