Comments on economics, mystery fiction, drama, and art.

Thursday, January 20, 2011

Productivity Quote of the Day

From Karl Smith, in the Modelled Behavior blog:

"Countries aren’t poor because the people don’t have work, they are poor because the work they do is less “productive.”

"I put productive in quotes because I think even many readers of this blog instinctively equate productivity with the work ethic or can-do-it-ness of the worker. Productivity is mostly driven by machines and technology, however.

"Having a lot of can-do spirit and a shovel is no match for being ho-hum and having a bulldozer."

This is something worth remembering, I think, for all of us. Much of our "success" in life depends on where we are, and on where we were born.


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