AG on globalization
Brad De Long
delong at econ.Berkeley.EDU
Wed Aug 30 15:51:24 PDT 2000
>Hear, hear. Even if the quality adjustments were valid, what
>difference would it make? Suppose we were talking about tennis shoes instead
>of computers. What if there were some technological revolution in the
>production of sneakers that led to 120% annual increases in their quality --
>Nikes that are so much more comfortable, better fitting, maybe they let you
>jump two inches higher.
> Would it make sense to allow those improvements to add an extra 2 or
>3 percentage points to annual GDP growth -- when nothing else in the economy
Is jumping higher a component of human happiness? Or is it only
relative jumping skills that matter?
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