- Количество слайдов: 13
ON THE NEW MILITARY PERIL: TOWARD THEORY AND POLICY • OR THE COST DISEASE: DROPPING THE OTHER SHOE
• In any group whose performance is heterogeneous, • the performance of some of the members must be below average • Baumol’s fourth tautology
The cost-disease other side: the falling real prices • In 1919, the average U. S. worker had to labor nearly an hour to buy a pound of chicken. At today’s wages and poultry prices, less than five minutes of labor is required • Color TV labor-time cost down 98 % 1954 -97 • VCR cost down 96% 1972 -97 • Microwave oven down 99% 1947 -1997 • Now Computer cost per MIPS down to 27 minutes of labor • From 733, 000 lifetimes of labor in 1944!!!
War. . As it Used to be • “Pecunia Nervus Belli” (Money is the sinew of war) “. . . the favorite Latin tag of the [mid-16 th century ]. ” • “There were, Louis XII [king of France, 1498 1515] was told by one of his counselors, three things a king required in order to. fight wars: First, money; second, money; and third, money. ”Jones, 1994, p. 130.
War—as it is Evolving • “The AK-47 has become the world's most prolific and effective combat weapon, a device so cheap and simple that it can be bought in many countries for less than the cost of a live chicken. ” • Larry Kahaner, "Weapon of Mass Destruction, " Washington Post, November 26, 2006, available at http: //www. washingtonpost. com/.
Web address for more computer paintings • http: //www. stern. nyu. edu/-wbaumol