Productivity Pessimism from Productivity Optimists
NOTE: The Growth Economics Blog has moved sites. Click here to find this post at the new site. The projected future path of labor productivity in the U.S. is perhaps the most important input to the...
View ArticleScale, Profits, and Inequality
NOTE: The Growth Economics Blog has moved sites. Click here to find this post at the new site. After my post last week on inequality, I got a number of (surprisingly reasonable) responses. I pulled one...
View ArticleLatitude and Income per Capita in Comparative Development
NOTE: The Growth Economics Blog has moved sites. Click here to find this post at the new site. New paper out by Holger Strulik and Carl-Johan Dalgaard (who I predict is at this moment taking a smoke...
View ArticlePerfect Competition is Bad for Growth
NOTE: The Growth Economics Blog has moved sites. Click here to find this post at the new site. You have to be careful in confusing “free markets” with “perfect competition”. By “free markets”, I think...
View ArticleJob Quality is about Policies, not Technology
NOTE: The Growth Economics Blog has moved sites. Click here to find this post at the new site. Nouriel Roubini posted an article titled “Where Will All the Workers Go?”. A few pulls: “The risk is that...
View ArticleThe Industrial Revolution and Modern Development
NOTE: The Growth Economics Blog has moved sites. Click here to find this post at the new site. I’m not an economic historian, but like most growth economists I am an avid consumer of economic history....
View ArticleTechno-neutrality
NOTE: The Growth Economics Blog has moved sites. Click here to find this post at the new site. I’ve had a few posts in the past few months (here and here) about the consequences of mechanization for...
View ArticleHarry Potter and the Residual of Doom
NOTE: The Growth Economics Blog has moved sites. Click here to find this post at the new site. The productivity term in an aggregate production function is tough to get one’s head around. When I write...
View ArticleThese are Not the (Modeling Assumptions About) Droids You are Looking For
NOTE: The Growth Economics Blog has moved sites. Click here to find this post at the new site. Let me start by saying that all future arguments about robots should use the word “droids” instead so that...
View ArticlePlows were the Robots of the 13th Century
NOTE: The Growth Economics Blog has moved sites. Click here to find this post at the new site. Jury duty this morning, which meant lots of quiet reading time and in the end no *actual* jury duty (yeah...
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