Wednesday, July 25, 2012

Chris Dillow — Producitivty Growth: The Long-Term

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.
If this line of thinking is anywhere near-correct, then a serious recovery in productivity requires big political change.
Read it at Stumbling and Mumbling
Producitivty Growth: The Long-Term
Chris Dillow | Investors Chronicle

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