Wednesday, May 20, 2015

Technology, Labor-Force, Division of Labor.

Technology is embodied Force, and Force is proportionate to Acceleration. Thus, Technology applied to Productivity accelerates, and, so, increases it. Hence, insofar as Productivity and Wealth are correlated, Technology is the primary determinant of Wealth. Furthermore, as applied to Productivity, it can be called 'Labor-Force'. Hence, Labor-Force is the primary determinant of Wealth. Now, contributing to the maximization of Labor-Force is efficiency of organization, one factor of which is the avoidance of redundancy. It is the avoidance of redundancy that Smith calls 'Division of Labor', which, therefore, is, more precisely, 'Division of Labor-Force', and, so, presupposes Labor-Force. Likewise, his proposition that Division of Labor is the primary determinant of Wealth is implicitly derived from the proposition that Labor-Force is the primary determinant of Wealth.

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