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Wealth created is still the same, and that's what an economist means by "productive" - you produced X amount of wealth (usually measured in dollar amounts). It
by NateEag 1mo ago
Wealth created is still the same, and that's what an economist means by "productive" - you produced X amount of wealth (usually measured in dollar amounts).
It's like "work" meaning one thing to a normal person, but something very specific and counterintuitive in Newtonian physics (if you carry a fifty-pound weight in a circle and stop at your starting point, you've done no work).
- jr3592 1mo agoI suppose I can understand that perspective, but disagree with it? We should measure time returned to individuals as wealth, maybe even the highest form of wealth.