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Wednesday, April 11, 2012

You really need to read this. Thanks to the ever thoughtful Dr. Rothman for alerting me.

1 comment:

Andrew Grodner said...

Very interesting. I do not think that they can show causality but the descriptive evidence and the model are very compelling.

It would be interesting to see if similar thing happened during Industrial Revolution when there was a total reorganization of the economy from farming to manufacturing. Maybe we now experience change from manufacturing to service.

Thanks for posting.