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Interesting. I guess for every individual, a percentage of their productive efforts is due to necessity, and the remaining percentage is due to something else (
by Tycho 15y ago
Interesting. I guess for every individual, a percentage of their productive efforts is due to necessity, and the remaining percentage is due to something else (pride, greed, generosity, competitiveness, creativity, boredom, vanity). We could call this ratio the Capitalization Index, CI.
What I'd like is to see the CI for a large cross-section of society. Of course, you'd need to come up with some sort of test to reliably measure it. Like giving them a million dollars and seeing how much work they continue to put in...