On Feb 21, 2009, at 8:29 PM, michael perelman wrote:
>
> The problem with your data is the trend toward spending less on long-
> lived plant and equipment & more on software and IT equipment with a
> short life span. So, the economy needs more investment just to stay
> up to where it was earlier.
>
Another problem is the increasing share of unproductive fixed non-
residential investment like shopping malls and executive skyscrapers.
> SA wrote:
>
>> As for whether capital was shifted out of production, the proof is
>> in the pudding. Here are the numbers I got for private fixed non-
>> residential investment as a share of GDP:
>> Inv/GDP
>> 1930s 6.5%
>> 1940s 6.7%
>> 1950s 9.4%
>> 1960s 9.8%
>> 1970s 11.1%
>> 1980s 12.1%
>> 1990s 10.9%
>> 2000-2007 10.7%
>
>
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA
> 95929
>
> 530 898 5321
> fax 530 898 5901
> http://michaelperelman.wordpress.com
>
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Shane Mage Shane Mage
> This cosmos did none of gods or men make, but it
> always was and is and shall be: an everlasting fire,
> kindling in measures and going out in measures."
>
> Herakleitos of Ephesos