SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: smolejv@gmx.net who wrote (20761)7/4/2002 11:59:54 PM
From: AC Flyer  Read Replies (2) of 74559
 
Hi DJ:

>>All in all, the new paradigm economy has miserably failed by all accounts<<

I don't know how anyone can make that claim with a straight face. The "new paradigm" economy has been a huge success in myriad ways. I won't bore you with a list, but ask yourself this - how is it possible for American Airlines to decide that they will no longer pay commissions to travel agents?

>>The old economists were, of course, fully ware of the importance of productivity growth. But regarding it as the dependent variable of capital accumulation, they focused on the key conditions fostering and allowing for a high rate of capital accumulation: savings, profits and investment.<<

Capital investment is certainly one way (the brute force way) to achieve productivity, but there are also some extremely powerful ideas that reached critical mass in the early '90s - lean & continuous flow manufacturing/business processes - that when hitched to low cost information technology made extraordinary productivity gains possible with a much lower level of capital investment than in the past. The principal author of this revolutionary new may to look at business processes is an Israeli physicist, Eliyahu Goldratt. If you've never heard of Goldratt or Shigeo Shingo, then you don't have a clue about productivity.

>>PS: I'm not (just;) needling Mike<<

I shall consider myself duly needled.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News