Re: In Reply to Mr. Hattersley

william_b_ryan_at_hotmail.com
Date: 12/21/04 

Date: 21 Dec 2004 15:05:19 -0800

william_b_ryan@hotmail.com wrote:
> >The rate of
> >production of eggs is a function of the number of
> >hens, and the number of hens is a function of the
> >demand for eggs. Most any barnyard can increase its
> >rate of egg production considerably without reducing
> >its current rate of delivery to the local market, if
> >demand for eggs is increasing at the local market.
>
> Only by buying fertile eggs (in which case another
> farm is keeping eggs off the market) chicks or
> pullets -- i.e., sacrificing current resources --
> instead of incubating and hatching eggs.
> ------------------------
> ---------------------
> [REPLY] The rate of production of eggs is also a
> function of the *process* of egg production and
> distribution, which is amenable to continuous
> improvement. Continuous improvement to process has
> been the norm for centuries. Its effects are
> compounding. Please tell us how the improvement to
> process as described below, given merely as an
> example, requires "sacrifice" in the consumption of
> eggs or anything else?
>
> Bill
> -
>
>
>
>
>
> royls@telus.net wrote:
> > On 20 Dec 2004 11:20:21 -0800, william_b_ryan@hotmail.com wrote:
> >
> > >"Any capital formation involves immediate sacrifice
> > >for the sake of long term gain - which is the
> > >theoretical justification for interest, as 'the price
> > >of waiting'. If I want to increase the supply of
> > >eggs, then for a time I actually have to take eggs
> > >off the market, so that they can be hatched out into
> > >more hens to lay the increased supply. That is just a
> > >fact of life."
> > >------------------------
> > >---------------------
> > >[REPLY] I'm afraid this is Orthodox Economics 101.
> >
> > Yes. For a reason.
> >
> > >It is not true that capital formation requires
> > >"sacrifice...for long term gain."
> >
> > Yes, actually, it is.
> >
> > >Discovery,
> > >development and improvement does not require
> > >"sacrifice," but discovery, development and
> > >improvement, a point I made in my earlier post on
> > >"time preference."
> >
> > Discovery, development and improvement require devoting labor to
> > future production rather than production for current consumption.
> > I.e., current production is sacrificed for the sake of future
> > production.
> >
> > >I would ask rhetorically if Mr. Hattersley has ever
> > >raised chickens and harvested eggs?
> >
> > I have.
> >
> > >The rate of
> > >production of eggs is a function of the number of
> > >hens, and the number of hens is a function of the
> > >demand for eggs. Most any barnyard can increase its
> > >rate of egg production considerably without reducing
> > >its current rate of delivery to the local market, if
> > >demand for eggs is increasing at the local market.
> >
> > Only by buying fertile eggs (in which case another farm is keeping
> > eggs off the market) chicks or pullets -- i.e., sacrificing current
> > resources -- instead of incubating and hatching eggs.
> >
> > >It can easily meet increasing demand with increasing
> > >deliveries. That is to say, most any barnyard has
> > >reserve productive capacity in terms of eggs.
> >
> > Nope. If you don't have the money to buy eggs, chicks or pullets,
> you
> > have no way to increase production but by holding back eggs for
> > incubation and hatching (assuming you are already operating
> > efficiently in terms of feed, lighting, etc.).
> >
> > -- Roy L

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