productivity miracle or workhouse?

[michael at ecst.csuchico.edu]

Merck is not all that difficult to produce -- in terms of marginal cost.
Same for Apple.


> 
> michael at ecst.csuchico.edu wrote:
> 
> >I would never challenge you on any question of data.  It does include
> >Boeing.
> 
> Ok, then - Boeing makes very complicated equipment that requires 
> gigantic capital expenditures. None of it is costlessly reproducible 
> like videos or software. Ditto the products of Merck and Apple. How 
> different is that from spinning equipment of the 19th century or 
> chemical manufacture of the early 20th?
> 
> So what *are* we talking about?
> 
> Doug
> 
> 

-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu