The term “productivity” has appeared in this world for a long time.

At first, its concept was the amount of crops produced on land, and subsequently expanded to add output from livestock, minerals and handicrafts.

Many years ago, when Charles and Diana studied this issue, they came to a point of view: in a pastoral economy, a farm can basically complete self-sufficiency in food, clothing, housing and transportation. In addition to the limited and essential commodities such as salt and iron, the farm has almost no commodity transactions with the outside world. Therefore, the landlord only cares about the amount of goods in his territory, not how these goods come from. For them, the productivity of the territory is the quantity of goods.

The landlords only focus on what products there are in their territory and how many products there are. In addition to necessities such as salt and iron, the purchase of other products will be as appropriate, and it depends on what the passerby brings.

For most small landlords who are indifferent to the world, the output of the territory is enough to use it yourself and exchange it for necessary commodities. If you can't use it, you will be wasted if you save it.

In addition, the level of goods has not improved qualitatively for hundreds of years. It is no problem for furniture and jewelry to be used for hundreds of years, so they do not have much desire to consume.

In this context, the landlords have no motivation to improve their productivity.

But this is not static. With the development of the city in the past century, the living conditions in the city are much more comfortable than farms and castles. So little nobles began to run to the lord's towns and big nobles ran to live in the royal capital.

The harder-working nobles are like migratory birds, and they will return to their territory to collect taxes during the harvest season.

The lazy nobles lived in the city all year round, and the territory was handed over to the agent, the agent and the housekeeper.

At this time, the standard of "productivity" began to gradually move closer to currency.

At the same time, commerce has also developed with the development of cities.

Against this background, the "capital productivity" proposed in "The Wealth of Nations" written by Alice Margatoleud was regarded as the norm by business aristocrats and businessmen.

Under the guidance of this idea, "properties" are no longer limited to land harvests, but begin to expand to currency, and then "fixion" is no longer limited to land. Everything that can bring money - such as factories and chambers of commerce - can also become a sealed thing.

The most obvious thing is that the "Share Knight" that holds factory shares appeared in the Kingdom of Bischberg.

The lord of the "Knight of Shares" enthrone not land, but shares of the lord's factory, but there is no lack of privileges at all.

So much so that those traditional nobles regarded the "share knight" as thugs who defiled the glory of the nobles.

And the adventurers unique to this world are considered security costs in the eyes of the master.

Professor Elbach is not clear about the development of economics and is not very sensitive to changes in business and industrial status.

He only understood that in "productivity", there is still no place for mental labor.

Among the three young people in the teahouse, Michelle, a girl in her early twenties, seemed more cheerful.

She asked Professor Elbach: "Old sir, what do you think is productivity and how do you evaluate the amount of productivity?"

Professor Elbach replied: "Performance is the ability to produce products. The more products are produced, the greater the productivity."

Charles went to the counter and ordered five cups of tea, one cup for each person.

Thanks to Charles, Michel said to Professor Elbach: "We have different definitions of productivity. You think productivity is the embodiment of the final product, and we think productivity is the power to produce products."

“Take the fertilizer factory here for example, you think productivity is how much urea is produced, and we think productivity is the power to transform water, air and charcoal in nature into the urea we need.”

Louis next to him also continued: "You think productivity is the result, we think productivity is the process."

After hearing this, Professor Elbach nodded silently and said, "Your insights are very unique, which refreshes me."

“Is productivity the power of the production process?”

"Then, we old scholars can also play some role in the production process, which can be considered part of the productivity."

"Charles, what do you think?"

Someone named Sui nodded and responded: "Everyone has reason."

Then this guy stopped talking.

When the old principal saw that this guy didn't speak, he thought he was not good at it, so he didn't make things difficult for him... It would be strange.

"You, while you are young, you should watch more, listen more, and think more." Professor Elbach taught him a lesson, "Don't think you have a little money and look down on the wisdom of others."

"My teacher, Luke'ang, met a tailor in his early years. He was knowledgeable and quick-thinking. After a debate, the teacher was deeply impressed by him and was reluctant to learn from him."

"Don't think these theoretical knowledge are useless, it can guide you in the direction of progress."

Charles became meditated as he listened. The old principal thought he had listened and nodded with satisfaction.

If the old principal knew that he was thinking about whether the tailor was Modred's ancestor, he would probably use an axe to chop the guy.

The three young men looked at the old and the young with a smile, just as they were passing the time.

Professor Elbach knocked his head and said, "Tell me what you think, it's not embarrassing to say it wrong."

Charles rubbed his head with a bitter face, thought for a while and said, "Performance is composed of labor tools, labor objects and workers. The principal asked the scholars whether they were productivity or not. It is obvious that scholars participate in production activities with their own wisdom. They are also workers, so they are also part of productivity."

Professor Elbach thought about it and found that these three parts that make up productivity sounded very reasonable and just included important factors in the production process.

Take the fertilizer factory next to it as an example. Labor tools are equipment in the factory, and the objects of labor are raw materials. Workers, including Kushkin, have produced the raw materials taken from nature into fertilizers that people need.

"So…" Professor Elbach said slowly, "productivity is the ability to turn raw materials into products."

Charles was a little surprised, but he didn't expect the old principal to think of this soon.

He said: "It is true. In a broad sense, productivity is the power of the intelligent race to transform natural objects into products that suit their needs in the production process."

“It’s not just about producing fertilizers, but also productiveness for chefs in the kitchen to cook ingredients into dishes.”

Professor Elbach nodded thoughtfully, and seemed to have thought of something. He took out his notebook from his pocket and wrote a few pages.

Next, he asked about the three young people's farms using the fertilizer produced here.

Anyway, everyone was passing the time, so this fertilizer was no secret, so they started chatting quickly.

One noon passed like this, and at 2:30 pm, the ringtone of the report rang out from the factory.

The three purchasing staff said goodbye to the old man, and they were going to go to the factory to handle the procurement matters.

Professor Elbach said goodbye to them and sat quietly there, his eyes deeper, and it seemed that he was thinking about problems.

Charles was standing aside and did not dare to speak out, fearing that he would disturb the old principal's thinking.
Chapter completed!