“Productivity isn’t everything,” the Nobel Prize–winning economist Paul Krugman has written, “but in the long run it is almost everything. A country’s ability to raise its standard of living depends almost entirely on its ability to raise its output per worker.” A country’s willingness to raise the majority of its people’s standard of living in sync with increasing productivity and growth—to share the good fortune fairly—depends, of course, on politics.”
― Evil Geniuses: The Unmaking of America
― Evil Geniuses: The Unmaking of America
“Productivity isn’t everything, but in the long run, it’s almost everything”
― The Age of Diminished Expectations: U.S. Economic Policy in the 1990s
― The Age of Diminished Expectations: U.S. Economic Policy in the 1990s
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