Semi-Daily Journal Archive

The Blogspot archive of the weblog of J. Bradford DeLong, Professor of Economics and Chair of the PEIS major at U.C. Berkeley, a Research Associate of the National Bureau of Economic Research, and former Deputy Assistant Secretary of the U.S. Treasury.

Tuesday, October 17, 2006

Brad DeLong's Morning Coffee: The Very Long Run

Productivity growth today is a hundred times the proportional rate it was back before 1650. That is perhaps the most astonishing thing about today's economy, when viewed in historical perspective.

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