Sunday, March 9, 2014

Ch. 6.

The whole concept of  Human Capitol is fascinating to me. The fact that "the labor market is no different from the market for anything else," (127) is so interesting to me! People can be in demand just as much as products can be. Who cares about money, to start with anyway; the human Capitol is what really boosts the economy and "makes the pie bigger." It's interesting how the Nobel Prize winner Robert Solow put it: "there are a lot of good economists, but there is only one Rodger Clemens." People who are 'scarce,' or have scarce skills are more desirable. I think this is why our economy has so much of an aura of competition to it. The better and more valuable you are, the more you're worth and the more you will be likely to contribute.

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