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Limits

Cobb-Douglas, a formula and a principle with limits

Body

The drivers of most economic planning, labor, capital and their productivity, are at the core of the concept described by the Cobb-Douglas production function. Unfortunately, this "unlimited" view has hard limits in energy and resource availability that didn't matter during the 20th century.

Teaser

The drivers of most economic planning, Labor, Capital and their productivity, are at the core of the Cobb-Douglas output model. Unfortunately, this "unlimited" concept has hard limits in energy and resource availability.

Content Type

Resources