Charts and numbers.
What lends this view some credence is the sluggish productivity growth of the pre-1914 period. This suggests that free markets on their own do not unleash rapid productivity improvements.Read it at Stumbling and Mumbling
If this line of thinking is anywhere near-correct, then a serious recovery in productivity requires big political change.
Producitivty Growth: The Long-Term
Chris Dillow | Investors Chronicle
No comments:
Post a Comment