[lbo-talk] Bizarre Comment from David Brooks

[Max Sawicky]

In light of the magnitude of growth, the rent component would have to
be huge to be significant.

On Tue, Apr 6, 2010 at 11:34 AM, Michael Perelman
<michael at ecst.csuchico.edu> wrote:
> On Tue, Apr 06, 2010 at 10:49:28AM -0400, Max Sawicky wrote:
>> Output has risen more or less continuously, but employment has fallen
>> in absolute terms, roughly since 1979.
>>
>
> How much of that output represents real production as distint from
> monopoly rents from intellectual property; e.g. medical devices?  Maybe
> someone with better command of the data can help me out with this
> question.
>  --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 530-898-5321
> E-Mail michael at ecst.csuchico.edu
> michaelperelman.wordpress.com
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