Creativity & Innovation within the Workforce

Some random thoughts…

How do you quantify a human’s ability to create? To Innovate? Within the framework of employment, how does the neoclassical view account for this value?

If I were a manager with a neoclassical economic view, I would probably analyze the marginal costs and benefits of laying one employee off. I would do the same with a varying number just the same.

The Library of Economics & Liberty mentions that, “a theory that explains the layoff decision by the changing tastes of managers for employees with particular characteristics will not be a neoclassical theory”.

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