Bill R. Miller

2 Questions 21 Answers 0 Followers

Questions related from Bill R. Miller

If robots increase agricultural production efficiency will the increase in value be greater than the social cost of unemployed labor?

Both technological efficiency and price efficiency are required for economic efficiency. Many so-called economies of size and scale do not satisfy this condition.

19 September 2013 746 6 View

Does increasing productivity of agriculture result in more prosperous societies or is it merely humanitarian aid for small farmers?

A surplus of food produced on small farms will not be efficiently used by a society that does not have a developing market infrastructure. See millerbillr.com

20 July 2012 7,773 11 View