machines (PRS)

Mentions of machines by segment

2016-09-14: Response by Per Bylund

this is a chicken and egg problem. We start with resources. We start with means of production, machines. (150.4) Maybe we have a Boeing 747 and all these things. Well,

2016-09-14: Opening statements by Per Bylund

then you have the production of new capital that can make labor more productive. This is what capital is. It's really tools, machines, (640.0) that help laborers produce even more output. And that's where we want to be,

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