… biologist at University of Utah, published almost the same idea in 1994 1 and 1997 2 . Neither of us knew of Petty or Cassel or each other. Both of Rogers’ two papers are included in my appendix. Petty’s great idea has otherwise remained u...
Petty
Named in 8 passages across 2 documents.
Mentions of Petty in the public Epstein records, with citations.
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Where Petty appears
8 total
…ebellions. . .” The “other Countreys” could include France and especially Holland, then models of prosperity. Petty had made his fortune in Irish mortgages, and knew the years purchase there. But the argument is a puzzle. There is a focus o...
rd, an infinity of unites being equal to an infinity of thousands. Petty clearly recognizes that time preference, meaning our taste for impatience, explains productivity, or ratio of output to capital, rather than the other way around. This...
own of Petty’s human and total capital idea, which was occasionally revived and critiqued. They didn’t quite connect the dots. Next Generation Theory Petty wrote A Treatise of Taxes in 1662. The whole title continues to about as many words,...
…output to capital producing it, meaning the rate of production, and its reciprocal is the period of Chapter 7 Petty’s Idea 2/3/16 12 production. Where the critics were right was in finding a lack of clarity and predictive value in the theor...
…output to capital producing it, meaning the rate of production, and its reciprocal is the period of Chapter 7 Petty’s Idea 2/3/16 12 production. Where the critics were right was in finding a lack of clarity and predictive value
…ce as the reciprocal of the period of production, but did not connect that to the generation length. I adjust Petty’s estimate of the length from his 21 years to 28.5 by allowing for later births as well as firstborns. The reciprocal is 3.5...
with children left to the imagination. Why would Petty
with children left to the imagination. Why would Petty
replenished exogenously
p.1
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