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.
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Marginal Returns to Public Universities
From Jack Mountjoy, forthcoming in the QJE: This paper studies the returns to enrolling in American public universities by comparing...
Rent Control Creates Ghost Apartments
Adam Lehodey writing at City Journal: In New York City, making a profit on real estate has become increasingly difficult....
Greg Mankiw’s Blog: Principles of Economics, 11e
About Me Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University....
AI is everywhere but in the productivity statistics…
These people are saying it is there too. Though I am not quite sure what they (or anyone, for that...
