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The article is saying that productivity growth has become disconnected from increasing human welfare. I think part of the problem is that when economic science
by woodandsteel 9y ago
The article is saying that productivity growth has become disconnected from increasing human welfare. I think part of the problem is that when economic science was getting founded, economic growth did translate it welfare increases, at least to a considerable extent, and so economists never worked out good measures of human well being, much less how it relates to productivity growth.