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Essay

Ideology and Economic Development

Essay specific features

 

Issue:

Social Issues

 

Written by:

David M

 

Date added:

December 31, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 959

 

Was viewed:

4479 times

 

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Essay content:

Raise the wage, and the computer as capitalist chooses to substitute machinery for workers. Raise unemployment or welfare benefits, and the computer as worker chooses to stop working or to remain unemployed longer. Increase taxes on profits, and the computer as capitalist chooses to invest elsewhere...
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Increase taxes on profits, and the computer as capitalist chooses to invest elsewhere. In every case, the question asked is, how will that individual, the rational calculator of pleasure and pain, react to a change in the data? And, the answer is always self-evident?avoid pain, seek pleasure. Also self-evident are the inferences to be drawn from this simple theory?if you want to have less unemployment, you should lower wages, reduce unemployment and welfare benefits, and cut taxes on capital...
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