Nuts and berries

Tom Lehman TLEHMAN at lor.net
Sun Dec 13 21:46:32 PST 1998


Dear Brad,

A curious example worth considering is the water wheel. Up until about 15 years ago the water wheel was considered an invention of the 10th or 11th century. Now through research and archeology it is realized that the water wheel was in large scale use in Roman Europe as early as the 3rd century. Multiple water wheels running mills in tandem! Don't ever think the clock can't be run backwards.

Your email pal, Tom L.

Brad De Long wrote:


> >
> >Figures. So many of you cybertypes can be so casual about displacement; you
> >can bounce from job to job, place to place, and survive. Not everyone is so
> >blessed - those forces you dismiss as the "steel lobby" and "textile lobby"
> >include lots of displaced, downsized, and disposed of workers along with
> >the nationalist union tops and pampered managers.
> >
> >Doug
>
> Of course, as Ev Ehrlich once said, carry that argument to its conclusion,
> and we would have 80 million people employed today in hunting and
> gathering, all of them receiving government subsidies as they look for nuts
> and berries...
>
> Why isn't it a better policy for the long run--even for the medium run--to
> tax and spend to accelerate the long-run structural evolution of the
> economy (along with a healthy social-democratic program of redistribution)
> than trying to freeze the sectoral distribution of employment and
> production in the pattern it held in 1950? The pattern of income
> redistribution implicit in the Multifiber Agreement is... not progressive.
>
> Brad DeLong



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