> >A Very Simple Economic Model. >----------------------------- > >Albert, the blacksmith. >Earns the equiv of $24,000 US a year >plying his trade. > >Beverly, the mortgage banker. >Earns the equiv of $240,000 US a year, >plying her trade. > >Charles, the surgeon, >Earns the equiv of $2.400,000 US a year >plying his trade > >Emily, the CEO, >Earns the equiv of $24,000,000 US a year >plying her trade. > >In this community, folks work 8 hours a day >to fulfill their trade obligations, no more, >no less. > >In this community, folks work 5 days a week >to fulfill their trade obligations, no more, >no less. > >In this community, folks work 48 weeks a year >to fulfill their trade obligations, no more, >no less. > >In this community where Albert, Beverly, >Charles and Emily live, it takes 1 hour >to go the communal well, and draw the >water needed for the day, and haul it >back to their respective domiciles. > >----------------------------------- > >Q1. >What is an hours labour worth in this community? > > 1 hour of a person's time. You're confusing the community obligations with "work worth" FWIW - labor to cut grass is about 15.00 hour here in Arlington VA.
>Q2. >Should the community consider bringing in cheap labour >to haul their water? > > Depends. Does communal work bind the community together? >Q3, >Should the community levee a tax and use the tax to >pay the cheap labour to haul the water? > > Towards what end? >Q3.1 > If so, at what rate should Albert, Beverly, Charles >and Emily be taxed? > > By whom? >Discussion. > >What is this hour devoted to drawing water worth? >Since there are 24 hours in the day, and all the >hours are spoken for, doing the regular stuff, >like raising kids, cleaning house, working, >fiddling about, and occasionally watching NFL >or world cup rallye, the only reason to do offload >the hauling of water duty would be to gain an extra >hour of free time. > >So, to Albert, an hour of free time is essentially >worth $1000 over a year. To Beverly, $10,000, to >Charles $100,000 and to Emily $1,000,000. > >------------------------------------ > >Discussion >How does the Nash Equilibrium bear on this >scenario? > >------------------------------------- > >Somewhere, I'm sure this Very Simple Model is >already addressed. If someone could point me to >a paper, I'd greatly appreciate it. > >Comments please. > >thanks. > > > > > > >_______________________________________________ >Biofuel mailing list >[email protected] >http://sustainablelists.org/mailman/listinfo/biofuel_sustainablelists.org > >Biofuel at Journey to Forever: >http://journeytoforever.org/biofuel.html > >Search the combined Biofuel and Biofuels-biz list archives (50,000 messages): >http://www.mail-archive.com/[email protected]/ > > > _______________________________________________ Biofuel mailing list [email protected] http://sustainablelists.org/mailman/listinfo/biofuel_sustainablelists.org Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Search the combined Biofuel and Biofuels-biz list archives (50,000 messages): http://www.mail-archive.com/[email protected]/
