>It's the flip side of the fact that IT capital goods are really
>cheap, and thus it is profitable to use them in surprisingly
>unproductive and marginal places...
The assumption of the orthodox productivity studies with their orthodox growth accounting models is that IT capital earns a "normal" profit. You imply that that's not the case - that if anything, it yields a low and falling rate of profit. Do Jorgenson, Stiroh, and the rest of the gang know about this?
Doug