tag:blogger.com,1999:blog-1371937693533487448.post7510632186079964695..comments2012-04-22T17:07:48.899-07:00Comments on The Lump of Labor: What's Wrong with the Case AGAINST Shorter Working Time? ISandwichmanhttp://www.blogger.com/profile/11159060882083015637noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1371937693533487448.post-49123394171238223572012-04-22T17:07:48.899-07:002012-04-22T17:07:48.899-07:00Physiocrat,
The "this" in your "th...Physiocrat,<br /><br />The "this" in your "this begs so many questions" is non-specific. If you are referring to the fallacy claim, you are correct, the fallacy claim assumes its own premise as proof of its proposition. However, if you are referring to the refutation of the fallacy claim, you haven't made it clear how "this" assumes its premise as proof of its proposition. <br /><br />Regardless, thanks for taking the trouble to comment!Sandwichmanhttps://www.blogger.com/profile/11159060882083015637noreply@blogger.comtag:blogger.com,1999:blog-1371937693533487448.post-69313313500940418222012-04-20T10:05:11.404-07:002012-04-20T10:05:11.404-07:00This begs so many questions that it is difficult e...This begs so many questions that it is difficult even to know where to start.<br /><br />Economic activity requires land, capital and labour. Capital requires credit. Labour normally gives credit - in fact it is the biggest supplier of credit in the economy. Land is enclosed and access is controlled by land owners. If the market price of land does not drop to market-clearing levels, or it exceeds the Ricardian rental value, then economic activity will not take place.<br /><br />As for the limitations of natural resources, service activities consume very little. There amount of this kind of work that needs to be done is effectively unlimited.Physiocrathttps://www.blogger.com/profile/13682019625346594568noreply@blogger.com