AG on globalization

[Brad De Long]

>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
>has changed?
>
>	Seth

Is jumping higher a component of human happiness? Or is it only 
relative jumping skills that matter?

Brad DeLong