Brad De Long wrote: > > Karl Marx's answer would be that it was because of capitalism--that under > no previously-existing mode of production had society provided sufficient > incentives for either capital accumulation or technological advance... Nope. Marx said that *early* capitalism was effective in organizing resources to create progress, but he repeatedly notes that already in his day, capitalism was failing in carrrying out what was once its "historic mission" (his term). -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
