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.
That was then, this is now
At the advent of a more aggressive Persian Gulf policy on the part of Iran during the interwar years, the...
Revising Modern Principles
Here’s a revision I made to Modern Principles, my textbook with Tyler. Some things change dramatically, some things never change....
Greg Mankiw’s Blog: Thank you, AEA
About Me Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University....
The Public Choice Outreach Conference!
The annual Public Choice Outreach Conference is a crash course in public choice. The conference is designed for undergraduates and...
