Sunday, October 9, 2011

if economics is the science that studies the production of wealth under a system of division of labor why is there so little labor available?


here is a riddle: our middle class desperately needs to build businesses of their own, but our system is based on  financial markets and institutions which makes it possible for individuals to earn a return on capital without having to employ that capital in businesses of their own. additionally, these individuals generally find work in banks.