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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (16481)	3/7/2002 5:30:30 PM
From: Ilaine	Read Replies (2) \| Respond to of 74559

My economics professor informed me that as far as economists are concerned, lawyers don't add anything to the economy. Which I think is funny, because I am always reading that for capitalism to succeed, it requires the rule of law and enforceability of contracts. Where do they think that stuff comes from? There's a series of commercials that goes "we don't make the widget, we make it better." I don't make the resources, I help you allocate them according to your preferences. At any rate, computers help me do it faster, leaner, better informed. Computers have freed knowledge workers from typewriters, carbon paper, white-out, filing cabinets, index cards, card catalogues, and driving from library to library. Put a lot of secretaries out of work, but they've all found more productive jobs anyway. If Uncle Al and the Feds really have pulled our chestnuts out of the fire, I think kudos goes to the use of computers for the econometric modeling. They've increased my own productivity many times over. Even if economists don't measure my productivity, I do.