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It is really a deeper problem that "productivity" works in a factory producing widgets as output per labor-hour of widgets. The Principles of Scientific Manage
by polnoner 22d ago
It is really a deeper problem that "productivity" works in a factory producing widgets as output per labor-hour of widgets.
The Principles of Scientific Management was just wrong that these ideas extend universally but we are still doing this stupid Barnesian performance as if they do. It clearly makes no sense with knowledge work. It is stupid.
Then the efficient market hypothesis provides a type of circular proof because since the market is always right, if this didn't work we wouldn't be doing it. Another stupid idea we are not able to get past.