Productivity

Definition and stakes

Portrait of Karl Johann Kautsky Karl Johann Kautsky,  The Social Revolution (1902)

“ They show us how at a single stroke the productivity of labor can be increased simply by concentrating the total production in the most perfect industrial plants and throwing all those out of operation which do not attain a definite standard. ”
Source: Wikisource

Portrait of John Bates Clark John Bates Clark,  Essentials of Economic Theory

“ The Test of Final Productivity.—There are now at work ten units of capital and ten of labor, and we cannot go through the process of building up the working force from the beginning. How, then, do we measure the true product of a single unit of labor? By withdrawing that unit, letting the industry go on by the aid of all the capital and one unit of labor the less. ”
Source: Gutenberg

Portrait of John Bates Clark John Bates Clark,  Essentials of Economic Theory

“ The Final Productivity of Labor.—If we assume that the capital of society is a fixed amount, we may perform an imaginary experiment which will show how much labor really produces. We may set men at work, a few at a time, until they are all employed, and we may measure the product of each of the detachments. We should make the different sections of the working force as similar to each other as it is possible to make them and call each section a unit of labor. ”
Source: Gutenberg

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