HOISTED FROM ÞE ARCHIVES: Regional & Distributional Policy in a World Where People Want to Ignore þe Value & Contribution of Knowledge- & Network-Based Increasing Returns
HOISTED FROM ÞE ARCHIVES: Regional & Distributional Policy in a World Where People Want to Ignore þe Value & Contribution of Knowledge- & Network-Based Increasing Returns
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From December 2016. Why we seek for but will never be able to find "fair contribution" theories of and justifications for the distribution of wealth... In a world—like the one we live in—of mammoth increasing returns to unowned knowledge and to networks, no individual and no community is especially valuable. Those who receive good livings are those who are lucky—as Carrier’s workers in Indiana have been lucky in living near Carrier’s initial location. It’s not that their contribution to society is large or that their luck is replicable: if it were, they would not care (much) about the departure of Carrier because there would be another productive network that they could fit into a slot in.
HOISTED FROM ÞE ARCHIVES: Regional & Distributional Policy in a World Where People Want to Ignore þe Value & Contribution of Knowledge- & Network-Based Increasing Returns
HOISTED FROM ÞE ARCHIVES: Regional …
HOISTED FROM ÞE ARCHIVES: Regional & Distributional Policy in a World Where People Want to Ignore þe Value & Contribution of Knowledge- & Network-Based Increasing Returns
From December 2016. Why we seek for but will never be able to find "fair contribution" theories of and justifications for the distribution of wealth... In a world—like the one we live in—of mammoth increasing returns to unowned knowledge and to networks, no individual and no community is especially valuable. Those who receive good livings are those who are lucky—as Carrier’s workers in Indiana have been lucky in living near Carrier’s initial location. It’s not that their contribution to society is large or that their luck is replicable: if it were, they would not care (much) about the departure of Carrier because there would be another productive network that they could fit into a slot in.