Question for the economics profession: Is there a difference between the rate of flow of costs in a subsistence economy and a technologically advanced one? And if those costs are ever rising, how can individuals and businesses pay for them?
All of the math that extremely intelligent economists have at their disposal will entirely miss the correct answer to this most basic economic reality unless they actually look at it. So economists need to consult their “bean counting” accounting counterparts and awaken to that fact….or they will be dramatizing the biblical wisdom of Romans 1:22:
Professing Themselves To Be Wise, They Became Fools
Unfortunately accountants aren’t trained as mathematicians and economists and so they generally miss the conclusions that calculus and economics will help illuminate from examination of the data they (accountants) look at every day. In other words they stumble over undiscovered truth every day without realizing it. Consciousness, or lack thereof, is truly the controlling factor in so much of Life.