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Exploring Productivity, Profitability, and Government Policies
This chapter delves into the measurement of productivity at different levels - individual, company, and country - emphasizing the role of machinery, investments, and industrial systems. It discusses the impact of government subsidies and monetary policies on productivity during the pandemic, critiquing traditional economic theories that overlook the influence of money. The conversation also highlights the importance of government investment in innovation and infrastructure to drive productivity and growth.