George Reisman declares that knowledge is \'wastefully duplicated\' in a divisio
ID: 1204975 • Letter: G
Question
George Reisman declares that knowledge is 'wastefully duplicated' in a division of labor economy a non-division of labor economy a capitalist economy the U.S. economy Which of the following is NOT a benefit of the Division of Labor form of social organization? (as discussed by economist George Reisman) It takes power and control away from businessmen and corporations and places it in the hands of the workers/labor unions. It allows geniuses to not have to waste time doing menial (ordinary, time-consuming) tasks. It allows countries and/or regions to specialize in producing those products which they are best at producing. Specialization and large scale production makes machinery pract d useful. Henry Hazlitt's all-important lesson in economics is to Analyze how a given policy affects all people in society over the long run Look at the opportunity cost involved in a given enterprise understand how government can be used to improve industry and economy understand that depression stem from the expansion of the money apply Henery Hazlitt's response to the view the that "technology causes unemployment that Such unemployment is never temporary. It cannot create unemployment "on net balance". It also. In turn, raises the price of such goods. Labor-saving devices a re good only when they do not throw the worked out of his job. Erich Fromm believed that man will undoubtedly suffer "alienation* as a result of The increase in his quality of life and the loss of his dependence on Got The Division of Labor forcing him to specialize in production and sell his labor as if he were a commodity. The increase in his quality of life and mankind losing his 'animal instinct.' The growth in machinery displacing workers on a massive scale, putting most the population out of work. Two ideological conditions that must present for a market economy to develop are: Rationality and self-interest Materialism and Faith Faith and Charity Altruism and SkepticismExplanation / Answer
14. The correct answer is option B: Non-Division of Labor economy.
Since According the George Reisman, non-division-of-labor societies, which comprises of the large number of sefl-sufficient farm-families, entails a wasteful duplication of the mental contents of the human brain when comparing to division of labor societies.
15. The correct answer is option a: It takes power away from Businessmen and corporations and places it in the hands of workers or labor unions.
Typically an organisation will not be able to decentralize to an extent that the labor unions are given entire power. Division of labor is a concept where men are able to excel in what best they can do. Hence the above mentioned is not a benefit is division of labor.
16. The correct answer is option a: Analyze how a given policy affects all people in the society in the long run.
17. The correct answer is option d: Labor saving devices are good only when they do not throw the worker out of his job.
18. The correct answer is option d: The Growth in machinery displacing workers on a massive scale, putting most of the population out of work.
The above answer is correct since alienation is a concept of experiencing the world and oneself passively, receptively, as the subject separated from the object.
19. The correct answer is option a : Rationality and Self-Interest.
Rationality and Self-Interest will make people work towards their goals and hence they will work towards a better market economy.
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