Subscribe To The Perspectives

Tuesday, November 29, 2016

All That Comes To Mind (26) : Relationships (ENFP-INTP) and MBTI Analysis Part-2

When I first saw him,it was long ago.Sometime in late summer.I was impressed,somehow and then at night,he came up and initiated an online conversation.INTPs are extremely bad at striking conversations and especially if they like the person.I think we talked on my future goals,in particular and then I showed my Economics project to him.That was weird.But that is exactly how you should understand that an INTP is interested to talk to you.We love academics.We love study material.We love philosophy and we hate small talk.
Thankfully,the ENFP hates small talk,too.And there is hardly any time we would spend for that.We usually have got loads of interesting things to do but with minute differences.For the ENFP,'interesting' necessarily means both social gatherings and quality alone time.For the INTP,it means a lot of time to ponder over your thoughts,to explore your mind.

So,then - for the next few months,I did not even utter a word about my feelings towards him.I was sure that I really liked him,I regularly checked his posts,shared them,occasionally even debated with him regarding a thing or two.We seldom talked.The gap was often a matter of months but we were obvious of our presence.So,even though I did not know him very well,his presence mattered,even then.By the time he himself initiated a deep conversation,I had developed something more than just liking him.I knew,I just wouldn't express.It took us around three entire days to make a proposal (you heard it right,it was both of us who did) and when we did,it was the weirdest thing I had ever observed and been a part of.But right from the beginning,I knew this was 'something else'.I had had crushes and mild somethings over people in the past.But this was something else.As days passed,I realised and continue to realise how true that is.I had never imagined that in my lifetime,I would really come to know how to love a person.A complete person.And now that I do and realise the meaning of commitment everyday,I can tell you it is one of the most beautiful feelings ever and in turn,makes me feel complete,safe,gathered - things that have always scared my haphazard,deep mind.

(Photographed by Elinor Erwitt ; Photograph Source)

This is something I want to share with the world (not contrary to almost everything that I have wanted to share with the world) and I have said this before,that perceptual people are the only people who can build meaningful relationships.Judgement is not the tool.I have gone through several posts claiming ISTJs or INFJs as the right partner to ENFPs.But I can guarantee you that you got two months in a row and the whimsicality of the ENFP will make you say something filthy,which will instigate the ENFP's short temper,which will intensify the mess because judgementals quarrel.And there is no exception to that law.
In order to understand the ENFP,you need to hold your calm.A relationship would mean that you evidently will loose your calm at points.But remember,when he first met you,he gave you a Maths book! When he was sorry,he sent 29 texts and apologised and promised to protect you from this dangerous world.Just hold on and remember.
One very big issue with the NF-NT combination is that both are intelligent,ENFPs possess great emotional intelligence (but are very childish) and all that links to people whereas INTPs possess analytical intelligence and a great deal of it.The problem is,the moment the ENFP goes off for some reason and doesn't want to be bothered about it - the NT mind starts calculating probabilities.And it turns into a huge mess,a very huge one especially for the INTP.You need to understand that the ENFP sometimes will evidently shut themselves off from the world.He will perhaps not stop talking to his lover but he will limit it to sharing the necessary,occasionally mentioning long-term goals.This might prove to be very confusing for an NT mind,especially a strongly built one.But it only means you have to give him his necessary bit of lonely time.ENFP personality types are complex.There is no doubts about that and that is the very reason why you cannot solve the entire puzzle,good news is this keeps the INTP mind from getting bored.Even though I have read in almost every MBTI website that INTPs are very flighty,they are very committed once they have discovered who their true person is.The same applies for ENFPs.They might have had lots of crushes before but once they find someone quiet,deep,intelligent - they are bound to be intensely committed,too.

Share this PostPin ThisShare on TumblrShare on Google PlusEmail This

Wednesday, November 23, 2016

The Big Question is Here!

The Big Question,as the name suggests,is a portal for discussing on basically all that your mind is able to have doubts on! Initially,The Big Question functioned as an Instagram Channel posting all sorts of interesting questions quite regularly.Now,as we continue to know and grow together,we want you to join us in our journey.
The Big Question was originally an initiative taken by Rodney Butler,an internationally experienced marketing director specialising in Macroeconomics.He has led significant marketing campaigns for large charity organisations in Philippines donating much time with less fortunate members, with a leading hand in supply management, in efforts for support for cyclone Haiyan 2013. 
Now,the Big Question has joined hands with The Perspectives,an educational/political blog authored by Titas Biswas and followed by influentials from several spectrums of excellence (including artists who have been nominated for an Academy Award,Grammy and Emmy award winners!).

Head over to the website by clicking in the link provided and you can catch up with the new,free e-book 'Unlocking Potential'.Also,articles associated with streams including Political Science,International Relations,Foreign Policy,Economic History and Sociology are coming up on the official website of The Big Question.Stay tuned for more!

Click here to claim your free e-book 'Unlocking Potential' now.
Share this PostPin ThisShare on TumblrShare on Google PlusEmail This

Monday, November 21, 2016

Queries Solved : WBCHSE Board Class XI,XII English Doubts Clarified (Asked by Adrija,Debdatta,Arijit)

I apologise to both Adrija and Debdutta for it took me quite a long while to return back with the responses but since I have my exams as well,I hope you'll understand the concern.And the pain.😑

Hi Adrija,

You are not supposed to write the autobiography of a living person for your project as per the syllabus and recommendations of the board.You can only write than for certain entities or commodities (and trust me,that brings all the fun!).So,what I did for my Class XI English Project was writing an autobiography of time.I wish that appears interesting to you,at the least.



Hi Debdatta,

I do not think I can take into my consideration whatever questions I like out of the chapter and term them the set of "all questions".It would be kind of you if you send me the questions that you want to get answered.Just in case,the poem has been summarised and explained here.



Hi Arijit,

I am intrigued by the project topic you mentioned.However,I would also like to tell you that at The Perspectives,we do not do your project work,we only provide guidelines on how to do it properly.I can suggest you to through one particular book - 'Viswasghatak' written by Narayan Sanyal.If you do not have the time to,kindly google 'Manhattan Project' and go through the details for an hour or so.
Share this PostPin ThisShare on TumblrShare on Google PlusEmail This

Saturday, November 19, 2016

'Accidental Death of An Anarchist' : Nobelsome?

It was around a month back that I had finished reading this book and wanted to analyse if all things worth the Nobel Prize are actually worth the Nobel Prize,or just the prize,or just a prize,at the first place.

The play is a farce based on the real-life events surrounding Italian railwayman and anarchist Giuseppe Pinelli, who fell – or was thrown – to his death from the fourth floor window of a Milan police station in 1969. Pinelli was accused of bombing a bank (the Piazza Fontana bombing) but was cleared of the charge. (However,that does not and should not excuse the death,should it? Yeah?)

The play is rather a medium sized one and in impulsive times,when students like are rushing for finding a few extra hours everyday,I felt like the read would not 'cost' much.Capitalisation,you see?You've got to adopt the corporate life mantra if you want to 'succeed' in this extremely short life'span',do you get that?We cannot let a penny,a second,a moment fall.We can only watch people fall!We can only watch the drive.You know what?A silent watch is so dirty that it smells,that it sounds.That in order to drive our disoriented,tiny,limited souls,we sometimes need a book like this.

I guess that said it all. 😊 But this needs elaboration.Trust me,it does.

The farce is fluid,consistent and has a certain composed balance embodied in itself despite the spontaneous liquidity one seeks in a play,in any form of theatrical expression,that is.
The show begins from after the death of the anarchist.The dim-witted inspector Bertozzo severely fails in interviewing a very intelligent criminal (that in the eyes of the society) who constantly outwits him.
Now,the Maniac is a typical Dario Fo character; someone who is an outcast and has some access to the element truth and this character itself will turn out to be the reason why you will be glued to the play once you start going through it.It will grow through you in some form of expression in the later stages,and that is where it emerges out as a complete winner.It is one of the very few texts that you feel will drive you to some place,some particular time and show you things,finger point them out to you without stinging your conscious,without getting you pained about the fact that you are going through some external context.It makes you feel like this was meant to be known and now that you do,you are another person and you are so many inside yourself and why couldn't you,for once,for half of half of one time,could be Maniac?

Click here to continue reading the article.

Share this PostPin ThisShare on TumblrShare on Google PlusEmail This

Thursday, November 17, 2016

About Me (Updated)

I am Titas,an honestly weird girl born on 15th June,1999 from West Bengal,India.First of all,I am a student and a big nerd.I am passionate about Maths,Economics,Social Sciences,Literature.I am a freethinking leftist and basically believe in somewhat of a combination of socialism,anarchism and rationalism.I am not a hardcore Marxist but I find a part of his work quite substantial.On a similar note,I believe in Secular Humanism and Liberal Feminism.
I started this blog when I was fourteen years,three months,eighteen days old on 3rd October,2013.Besides academics,I am interested in Music (mainly of the contemporary kind though I listen to almost all types I am capable of understanding besides having primary knowledge of Indian Classical Music and playing a Keyboard.).I love Photography,Travelling and I have a certain liking for solitude and have a very introvert nature along with an inability to mingle all too well socially.
This year I have my passed my CBSE Class X board examinations with a Non-upgraded CGPA 10 and I always had an aim of getting a CGPA 10 since Class IX.Finally,I huffed my sighs of relief on 28th May,2015. My next academic target is to score at least above 95% in my Higher Secondary Examinations (Now that I have shifted to West Bengal Council of Higher Secondary Education Board.).
I am passionate about blogging and writing in general.In fact,I think I have spent half my life writing things! Even when I am in a terrible mood,I can write.
I had no idea that the blog would receive as much acclaim as it has when I first started writing.In fact,as the saying goes,I was whimsical about the entire concept to begin with!I was studying World Wars then (something that ultimately pushed me to take up Economics with Maths as my combination) and listening to a lot of Pink Floyd and my perceptions about everything from toothbrushes to Caluculus had begun to change.And I started literally surviving on literature,social sciences,music and logic.And my hunger about knowing EVERYTHING I could just went on increasing.I had grave difficulties in communicating with people even further and I realised I was somewhat of a creature who couldn't agree blindly (I didn't know what was conformism back then,so I couldn't say non-conformist.) ; so,I decided to tread my own way,write with some seriousness while concentrating as much as necessary on Academic goals.
By June 2015,a few artists (musicians,basically) had started following @blogperspective on Twitter and I was - a little surprised about the blog being read by (real,established) individuals,after all.And then I have no idea what happened.But when I was back to my senses,I realised I had interacted with Noam Chomsky,several other scientists and philosophers,collected enough guest articles,collaborated with these personalities and from artists who had won Grammy awards to leaders,magazines,show hosts,actors and authors - to a great lady who been nominated for an Academy Award (besides winning a Grammy) were following the blog!And there I was,completely bewildered - thoroughly doubtful about what was it that was happening.The list has been growing ever since and the blog has been read in 181 countries till date (there are a total of 196 countries in the world - so I do not know what to say on that at all) and the number of views on my Google+ is heading towards 1 million.

I am not the conventional form of anything at all.In fact,you will hardly find similarities with the criteria I have mentioned above.I am generally very straight spoken about certain issues but much too introverted to talk about my own self.I do not believe in the popular culture most of this generation believes in and I am not someone for whom being an adolescent is an imagined form of boring fantasy which consists of the huge number of popular friends,the prince in the story and a dream of driving a BMW one day.
I dream to be a sociologist,a professor someday and I have partial faith in existentialism,so of course I want to write my own story.

Going by the Meyer Briggs Jung test,I represnt a INTP-T (a culmination of personality traits exhibited by a mere 3% in the entire population and generally*supposedly* consisting of intellect and high intellectual quotient.)
Share this PostPin ThisShare on TumblrShare on Google PlusEmail This

Tuesday, November 15, 2016

Interview of Irish Singer George Murphy

A few days back,I had the wonderful chance of interviewing Irish singer and musician George Murphy.It was the first voice over interview I had the chance to conduct and it went absolutely fantastic!Here it is now.Hope you enjoy going through. 😄

1.You generally sing country songs,Celtic folk songs,don't you wish to sing some more pop in future,as well?

It is true that I do sing country songs but most of them are acquainted with a lot of songs that you can include in the category of pop.I really love the country side of music,in the broader sense 

2.The Irish culture is reflected so well in the songs - you can almost visualise the landscaping,the serene beauty in the poetry of these songs.Do young musicians wish to carry this beautiful tradition in their poetry,in their music?

Uh Yes,there are young musicians who reflect the Irish culture amidst their songs,of course there are.There are poets,too.If you listen to the younger generation of Irish musicians,you will find musicians working for making music and musicians who copy the American and basically the Western pop culture.
There are these "artists" like Britney Spears and Rihanna that they are trying to copy,trying to immitate.And that definitely does not help.

3.So,let me ask something very frank. Do you think people like Britney Spears and Rihanna are making any music at all?

No,I do not think so.They are basically pornographing all over and are more interested to show themselves off,expose their bodies than creating some real music.Of course I do not find that they are making music.That they are earning millions of dollars doesn't prove that they are making real music.
I think Adele is an exception.Not that she makes music that is considerably out of the box or would extend their appeal over generations to come but she is interested in creating music rather than exposing her body or sexuality.

4.Raglan Road,30th Anniversary Tribute to Luke Kelly is a beautiful track.You've done an amazing job singing as always and the cinematography is well done,too.Should we hope to see some more music videos in future?

Yes,definitely more music videos are coming up soon.Do stay tuned!
Raglan Road was a tribute,yes,to the man for whom I am what I am today.I was seventeen when I first sang one of his songs for an audition to a reality show - and there they were,the critiques ; they compared that to the original version and opportunities came my way.I went on to record songs and even worked with his band.

5.Who are your favourite musicians?Any particular Irish musicians?

If you ask that way,in case of country music - it is like The Dubliners.I actually do not have favourites depending on some particular geography.I love Bob Dylan,The Beatles,Leonard Cohen,The Doors,'60s progressives.I loved a particular band called Aslan,which came up at that very time when YouTube was first developed.So,people thought it was going to be a hit just like YouTube but that did not happen and they never went on to become that famous.But yes,I did love some of their work very much.

6.What would like to comment on Bob Dylan being awarded the Nobel Prize in Literature this year?

Oh,this is really awesome.I think he got the Nobel Prize for poetry and for the legend he is,he totally deserved this.There were people in the Nobel Committee who would hate to award Dylan the prize and who compared his work to nursery rhymes prior to this.The Nobel Prize is thus an answer.Dylan being awarded that is one of the most wonderful things that has happened lately.
Share this PostPin ThisShare on TumblrShare on Google PlusEmail This

Sunday, November 6, 2016

What Happened With Najeeb?

It was on a very dull afternoon of 17th October that a fellow activist from Calcutta University first talked about the disappearance of Najeeb Ahmed,a PG first year Biotechnology student pursuing his masters at JNU,one of the most reputed educational institutions across the country.
Well,to begin with it,when people (especially activists and/or women) disappear for more than two days on any part of the world,I do not think there is much positivism left to be expected from the heart of the incident.But when,after 25 days,the university authority acts so numb (and almost pleasured) and the state continuously cracks down on those who are protesting in favour of the "disappeared" student,you ought to know what has happened.
Thousands of people have disappeared in the times of Franco and Pinochet and Hitler and Mussolini.

If you browse through Buscame en el ciclo de la vida,you would know how decaying bones are all that you have half a century later when you dig through the layers of historical tyranny. And now that the fundamentalist,majoritarian BJP-RSS coalition leads the show,we should know there is much more to come and that this is just a beginning.

The question,as a friend puts it is not limited to "Where is Najeeb?" now.Not anymore.The question of the hour is "What Happened With Najeeb?" 
Shahid Raza Khan,a student pursuing M.Phil from the school of International Studies,JNU claimed that attempts had already been made to murder Najeeb by the Sanghi goons and that after they thrashed him on the bathroom floor and left him bleeding from the mouth and nose,they were still not baffled and kept verbally threatening him and screaming that he shouldn't be spared.

The last somewhat eerie post shows Najeeb feeling "missing" in Badaun,UP. A report made on 24th October on the Times of India shows that there had been protests in Badaun and Maulana Yasin Ali Usmani, who is chairperson of the state labour contact advisory committee in the labour department and enjoys the status of a minister, sat on a dharna on Saturday at the collectorate in Badaun to press for finding Najeeb Ahmad, a biotechnology student who has gone missing from Jawaharlal Nehru University from October 15. 

What removes most doubts and most of the positivism is the cold approach of the state towards what so ever is happening. The protests are being crushed down from every side possible,lathi charge is being enacted as soon as people start taking to the streets.Najeeb's mother and sister were detained on the streets yesterday.Unless the state has difficulties in coming up with necessary answers,it wouldn't have responded with this extent of terror,which is what is proving that there is something very wrong that has already taken place.And the goal now is to conceal it.And not let it be felt.Certain sections of the media (including NDTV) have already been facing what a dictatorial,mostly fascist regime unfurls in its earliest stages.

Accept it or not,we are doomed.And the process continues consistently until we form a shield that they would need to have some preparation for getting through.The deformation process is going to take time and amidst all this chaos,we might forget that the incident ever really took place! We are to try for a radical answer to this confusion of our own.In a world were you are FED what you are SUPPOSED to BELIEVE,we aren't safe.NONE of us are.
Share this PostPin ThisShare on TumblrShare on Google PlusEmail This

Thursday, November 3, 2016

80 aniversario de las brigadas Internacionales/80th Aniversary of The International Brigades

Versión Española/Spanish Version

Las Brigadas Internacionales

¿Que no sabes quienes eran?
Que si, pero que no...
Que tu flamante juventud no atiende
A "cuentos"
Ni escucha "batallitas"
No fueron batallitas. Fueron ¡gestas!
Qué sabes té, qué sabes, de
aquella juventud de llegó a España
Un siete de noviembre:
El pecho firme, la cabeza enhiesta
¡España está en peligro, hay que salvarla!
Y se abrazaron a nuestra bandera,
Y lucharon codo a codo con los nuestros
Como rosas al viento de la guerra
Cayendo en nuestras tierras malheridas
Como fértil semilla de dura sementera.

English Version

The International Brigades

So you do not know who they were?
Yes, but not ...
That your brand new youth does not care
Of "stories"
Do not even listen to "battles"
They were not battles. They were fun!
What do you know, dear? What do you know?
Share this PostPin ThisShare on TumblrShare on Google PlusEmail This

Wednesday, November 2, 2016

Upcoming E-book : 'The Big Question Manifesto'

The Big Question is an attempt to raise in you the basic,natural instinct that is our both our birthright and our key to learn the art of defiance.A few months back,we began our collaboration work on e-books that would standardise the basis of what ultimately creates a question as an answer to imposition.

The first e-book,called 'The Big Question Manifesto' is going to be absolutely free (link coming up soon) and intertwines five components on your way to the concept of success : Influence,Philosophy,Attitude,Actions and Lifestyle.
Share this PostPin ThisShare on TumblrShare on Google PlusEmail This

Friday, October 14, 2016

Does The Marginal Productivity Theory of Distribution Hold 'True'? (Class XII Economics Project Under WBCHSE Board)

“The distribution of income of society is controlled by a natural law, if it worked without friction, would give to every agent of production the amount of wealth which that agent creates.” -J.B. Clark

It was assumed by him that the total stock of capital remains constant. Clark also supposed that the form of capital can be varied at will. In other words, physical instruments of production can be adapted to varying quantities and abilities of available labour. Further, he treats labour as a homogeneous factor by taking identical labour units and discusses how the wage rate of labour is determined.

Every rational employer or entrepreneur will try to utilise his fixed amount of capital so as to maximise his profits. For this he will hire as many labourers (labour units) as can be profitably put to work with a given amount of capital. For an individual firm or industry, marginal productivity of labour will decline as more and more workers are added to the fixed quantity of capital.

He will go on hiring more and more labour units as long as the addition made to the total product by an extra labour unit is greater than the wage rate he has to pay for it. The employer will reach equilibrium position when the wage rate is just equal to the marginal product of labour.

Amartya Sen writes (P.249-250,'Resources,Values and Development' by Amartya Sen),if marginal productivity theory of distribution of distribution applied,own share would have always been equal to 1 but that is not the case since the shortcomings of the theory are already well known.

Further,American economist Thomas Palley puts forward,"Dani is absolutely right about the empirical literature on pay, which is broad and multi-faceted. The question is what is the relation of that literature to marginal product theory and does it move mainstream economics beyond marginal product theory? I suggest not.
When it comes to unions, it is well documented that unions raise wages. Union supporters argue that (especially in highly unionized economies) unions do so with no adverse employment effects. Neo-classicals interpret unions through a marginal product labor demand lens, and generally argue they raise wages at the cost of lower employment. However, it is also the case that if employers have monopsony (buyer monopoly) power unions can also raise both wages and employment in a marginal product framework.
What about democracy? I suggest democracy raises wages by altering the division of the cake, but there is no adverse employment effect. Furthermore, by raising wages and improving income distribution, democracy strengthens consumer demand and may increase employment through a Keynesian channel. This is an argument based on a non-marginal product approach to income distribution.
What does neo-classical marginal productivity theory imply about democracy? Holding productivity constant, democracy would tend to lower employment because it raises wages. However, as with unions one could argue democracy lowers the monopsony power of employers, thereby raising both wages and employment. Under this neo-classical interpretation, democracy serves to move the economy closer to the idealized state of perfect competition in which the idealized version of marginal productivity theory of income distribution holds.
The bottom line is there are two stories about the wage effects of democracy (and unions) - one rooted in marginal product theory, the other not. My view is the institutionalist Keynesian story is more plausible. I am not sure what Dani's view is, as he seems to support both. However, that seems theoretically problematic.
When it comes to the neo-classical theory of income distribution you are either in or out with regard to the concept of marginal product. Under conditions of perfect competition, the marginal product of labor is the labor demand schedule, which tightly determines the relationship between wages and employment as a technological relationship. Under conditions other than perfect competition, the marginal product of labor remains ever-present and provides the reference point for determination of wages. However, if marginal product is an incoherent or unusable concept most of neo-classical economics (including its approach to income distribution) disintegrates: hence, the unwillingness to question marginal product analysis.
The bigger story is that the empirical data settle nothing and can be interpreted to be consistent with either theory. That suggests both should be taught with equal prominence in all economics departments, including top departments. Yet they are not. Instead, only the neo-classical marginal productivity theory is taught as part of the core curriculum, the concept of marginal product is never questioned, and heterodox theory is essentially suppressed."

MIT economists Peter Temin and Frank Levy have published a paper about the role of institutions in explaining inequality in 20th century America. Their paper is welcome and (to be self-promoting) expands analytical themes developed in my 1998 book, Plenty of Nothing: The Downsizing of the American Dream and the Case for Structural Keynesianism. The engagement of these economists may be a sign that the economics professionals thinking about income distribution is headed for change. If that is so, neo-classical economics will be in serious trouble because marginal productivity theory figures critically in its macroeconomics (both new classical and new Keynesian), its microeconomics, and it approach to trade and globalization.

In this sense, Clark’s middle-way policy approach is strategic: it coopts the reform impulse of the Progressives, while simultaneously and determinately delimiting the scope of policy intervention. When, around the time of Clark’s death in 1938, American neoclassical economics is importing the more mathematical Continental tradition, marginalism and theoretical abstraction cease to be professional liabilities, and Clark’s policy approach becomes more entrenched. This difference in policy approach,among the many others, may help explain the divergent paths of Progressive economics, which was a spentforce by the 1930s, and neoclassical economics, which has been ascendant for more than sixty years.
There is in Clark no algebra, and no reflexive assumption of maximization.What’s modern in Clark is his faith in the virtues of competitive markets, his marginalist approach to price and wage determination,his aspiration for generality in economic theory, his elevation of a benchmark competitive ideal to which markets and policy should aspire, and his innovative approach to regulation, which I have argued is best characterized as one of market-failure remedy, especially the remedy of promoting more and better competition. In these respects, Clark is not a Progressive, butan early precursor of the American neoclassical

Summing it up,quite a number of arguments have been stated against the marginal productivity theory of distribution to prove the presence of several loopholes,unconsidering which the theory had been asserted and valuated to be true.Some of them have been stated below (collected) - 

1. Unrealistic Assumptions:

The theory assumes that there exists perfect competition in all the markets. But in reality, perfect competition is only an imaginary concept. In modern days, perfect competition does not hold good.

2. All Factors are not Homogeneous:

This theory assumes that all units of a given factor are homogeneous. It is wrong. In reality different units of a given factor are heterogeneous.

3. Difficult to Measure MPP:

Prof. Hobson has criticized this theory on the ground that it is not possible to measure the marginal productivity. He maintained that if the number of labourers is increased to measure their marginal productivity then other factors like raw material, tools, implements etc. will also have to be increased.

4. Only One-Sided Theory:

Marshall, Friedman criticised this theory on the ground that it is only one sided theory. As it assumes supply to be constant to determine the marginal productivity, it is possible only in the short-run. But in the long run supply of every factor is variable.

5. Labour is not Perfectly Mobile:

This theory assumes that labour is perfectly mobile. In actual life factors of production are not perfectly mobile. It is very difficult to move from one occupation to another.

6. Short-Period Ignored:

The marginal productivity theory holds good in the long run only while it ignores the short period. But in actual practice, the problems of short period are more important than that of the long period. As Lord Keynes stated that in the long run we all are dead. Therefore, all problems are needed to be solved in the short run.

Share this PostPin ThisShare on TumblrShare on Google PlusEmail This
Related Posts Plugin for WordPress, Blogger...

Got A Doubt? Or A Suggestion?Talk To Us!


Email *

Message *