I used per capita because it gets away from population change.
Actually, the question of the productivity possibility is not the relevant thing. Whether or not repair production is a more productive use of resources than displaced production depends on the characteristics of both. If the society is already at its frontier, then the repair production cannot be more productive than the displaced production. But if the society is not at its frontier, it can be as, more or less productive.
I suspect you are thinking more of the shift between consumption and investment.
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Re: Errr
Date: 2005-10-18 05:19 pm (UTC)Actually, the question of the productivity possibility is not the relevant thing. Whether or not repair production is a more productive use of resources than displaced production depends on the characteristics of both. If the society is already at its frontier, then the repair production cannot be more productive than the displaced production. But if the society is not at its frontier, it can be as, more or less productive.
I suspect you are thinking more of the shift between consumption and investment.