Posts Tagged ‘economic growth’

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    Kindergarten Matters

    Jul 29, 10 • 106 Views • Macroeconomic Measurement, Thinking EconomicallyNo Comments

    Several months ago, we asked if law school was a good investment. Now we can ask the same question about kindergarten. Saying that adult outcomes count while test scores do not, Harvard economist Raj Chetty and 5 colleagues researched the impact of...

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    Institutionalized Trust

    Jul 24, 10 • 109 Views • Economic History, Economic Thinkers, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    The production path of a pair of Levi’s stonewashed 501 jeans could have started in a Mississippi Delta cotton farm, continued with a North Carolina fabric weaver, and included the Dominican Republic and Haiti for cutting, sewing, and finishing. Then,...

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    Idea Incubators and Economic Growth

    Jun 28, 10 • 88 Views • Businesses, Economic History, Innovation, Macroeconomic MeasurementNo Comments

    It is so tempting to assume that we get the best results when we tell people what to do. If we want to use less oil, then pass laws that encourage us to invent better batteries. Yes? Using Selman Waksman as an example, retired Harvard professor David S....

  • Consumer spending

    Jun 21, 10 • 109 Views • Households, Innovation, Macroeconomic MeasurementNo Comments

    In Pursuing Happiness: American Consumers in the Twentieth Century, economist Stanley Lebergott asked us to imagine that automobiles, penicillin, electric washing machines, refrigerators, disposable diapers, electricity, television, and “every...

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    Transportation Matters

    Jun 17, 10 • 101 Views • Economic History, Macroeconomic MeasurementNo Comments

    Reading about India’s inadequate railway system, I thought about the Erie Canal. Currently, massive freight containers that took four or five days to travel from Singapore to Mumbai will then take 28 days to reach New Delhi because trains and tracks are...