3 ms·
Now compute the Gini coefficient for that island and compare it against the one for a neighbor where all the villagers skilled at cooking have jobs while all th
by avz 12y ago
Now compute the Gini coefficient for that island and compare it against the one for a neighbor where all the villagers skilled at cooking have jobs while all those skilled at digging remain idle.
http://en.wikipedia.org/wiki/Gini_coefficient http://en.wikipedia.org/wiki/Gini_coefficient
- crististm 12y agoWhile diggers dig they do not generate income (because a filled hole is not 'income' by itself). And the cooks don't generate income either because their work is not for their utility but for the diggers. What does that say about the net result? Think thermodynamics: What is the utility of burning fuel? If you end up where you started, you're just wasting energy and increase universe entropy.