Saturday, January 28, 2006

law of diminishing returns...

law stating that if one factor of production is increased while the others remain constant, the overall returns will relatively decrease after a certain point. Thus, for example, if more and more laborers are added to harvest a wheat field, at some point each additional laborer will add relatively less output than his predecessor did, simply because he has less and less of the fixed amount of land to work with. The principle, first thought to apply only to agriculture, was later accepted as an economic law underlying all productive enterprise.

they tell me there there is a field that can never be exhausted...a field that is not subject to our laws...a field that, though we multiply ourselves and our wrongs exponentially, will not decrease by one grain...and they tell me His love is constant as the northern star...

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