Volume 3, 1983
Sektions-Vorträge II - Résumés des sections II - Section Papers II
Peter M. Schuller
Pages 563-567
A Philosophical Approach to the Science of Wealth
Only a social dynamic which has survival vaiue can be called wealthy. The Law of Diminishing Returns requires that increased labor skill is necessary for simple social reproduction. But this depletes historically-defined resources faster. Therefore such a dynamic is insufficient for indefinite survival. Wealth is therefore to be understood as a dynamic in which laboring skill level increases at a rate which at least tends to increase its rate of increase.