Richard Jones
@richardaljones
Professor of Materials Physics and Innovation Policy at the University of Manchester. Nanotechnology, polymer physics, regional economic growth.
ID: 126294936
http://www.softmachines.org/wordpress 25-03-2010 11:45:10
10,10K Tweet
8,8K Followers
393 Following
Good to see this discussion of Baumol's mis-named "cost disease" - the vital mechanism by which benefits of necessarily highly uneven technological progress are spread across the whole economy. A simple toy model is helpful for illustrating some paradoxes: softmachines.org/wordpress/?p=2…