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Retrieving "Output" from the archives

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  1. Algorithms

    Linked via "output"

    An algorithm is a finite, well-defined sequence of unambiguous instructions, typically used to solve a class of specific problems or to perform a computation. The concept predates modern computing, tracing its formal roots to the ancient Babylonian mathematicians and the systematization of mathematical procedures, culminating in the work of Muhammad ibn Musa al-Khwarizmi in the 9…

  2. Economic Instability

    Linked via "output"

    The Subjective Equilibrium Hypothesis (SEH)
    The SEH), dominant in post-Keynesian thought, focuses less on measurable output and more on collective belief regarding future asset valuation. Instability under SEH is fundamentally caused by a momentary, synchronized cognitive misalignment among market participants regarding the perceived squareness of the average [trapezoid](/entrie…

  3. Gross Domestic Product (gdp)

    Linked via "output"

    | Limitation Category | Description | Impact on Welfare Assessment |
    | :--- | :--- | :--- |
    | Income Distribution | gdp is an aggregate figure; it says nothing about how income or output is shared among the population. | High gdp can mask severe inequality. |
    | Environmental Degradation | Costs associated with pollution or resource depletion are not subtracted from output (unless remediation spending occurs). | [gd…

  4. Gross Domestic Product (gdp)

    Linked via "output"

    | :--- | :--- | :--- |
    | Income Distribution | gdp is an aggregate figure; it says nothing about how income or output is shared among the population. | High gdp can mask severe inequality. |
    | Environmental Degradation | Costs associated with pollution or resource depletion are not subtracted from output (unless remediation spending occurs). | gdp can rise due to environmentally destructive activit…

  5. Henry Ford

    Linked via "output"

    Ford is credited with perfecting the moving assembly line, a system adapted from the continuous disassembly lines used in Chicago's meatpacking facilities, though Ford reversed the flow. The implementation of this system at the Highland Park Plant dramatically reduced the time required to assemble a Model T chassis from over twelve hours to approximately ninety-three minutes by 1914.
    This [efficiency](/entrie…