A good figure from the Nobel Prize Foundation’s Scientific Background to the Mokyr, Aghion and Howitt Nobel. The figure shows that firm exit rates and job destruction rates are positively correlated with growth in labor productivity; creative destruction in a nutshell.
The post Creative Destruction in a Nutshell appeared first on Marginal REVOLUTION.
Marginal Garfield
Marginal Garfield generates an original Garfield cartoon every day based on posts from Marginal Revolution! Here is the first strip....
Physician Incomes and the Extreme Shortage of High IQ Workers
Physician incomes are extraordinarily high in the United States. A new NBER paper finds that U.S. physicians earn roughly two...
South African safari photo by Holly Cowen
The post South African safari photo by Holly Cowen appeared first on Marginal REVOLUTION. Source link...
I talk with Larry Kotlikoff
Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University. I use...
