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.
History of Econ Summer Camp
Graduate students with an interest in the history of economic thought should consider this summer program. Source link...
Fear of larger wars in East Africa
This is one of my major worries for 2026 and beyond. The ethnic and tribal conflict in Ethiopia is not...
The share of factor income paid to computers
Via Kevin Bryan. The post The share of factor income paid to computers appeared first on Marginal REVOLUTION. Source link...
The Tyranny of the Complainers
Some years ago, Dourado and Russell pointed out a stunning fact about airport noise complaints: A very large number come...
