tag:blogger.com,1999:blog-32512109.post4421433136913981802..comments2024-03-27T11:10:52.382-07:00Comments on On My Mind: Economics v ManagementJayhawkhttp://www.blogger.com/profile/00756807802218022043noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-32512109.post-91042919414564691072011-09-12T13:12:14.096-07:002011-09-12T13:12:14.096-07:00My economics teacher would have thought a growing ...My economics teacher would have thought a growing economy was one that was producing an increasing amount of goods & services as time went on, not one that produced an increasing number of jobs. I note that, like your definition, it has NOTHING to do with how much money moves where, much less with stock prices. <br />Unfortunately, all too often it has nothing to do with jobs creation either. Indeed, as with your client's automated painting process ("No Easy Answers", 03 September), increased productivity often eliminates jobs. <br />On the other hand, I am sure that part of Krugman's rational is that the new equipment expenditures really would increase jobs. Too bad it was at the equipment manufacturer who was producing and (hopefully) hiring, not the flooring manufacturer. And probably not hiring as many as the flooring guy would have ended up laying off. Why is every one so surprised that this "recovery" isn't producing jobs. The recovery after the last recession (about 10 years ago) didn't either.Arthurnoreply@blogger.com