The strictly empirical problem [Paul] Romer was addressing [in his thesis] was the reality that growth seemed to have been speeding up for more than a century instead of slowing down, as had been expected. He reasoned that it must have to do with the internal dynamic of science: the more you learn, the faster you learn new things.
—David Warsh, Knowledge and the Wealth of Nations
« Deficit Watch, July 2007 | Main | Funniest animated gif so far this year »
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451c0c869e200e008cf97be8834
Listed below are links to weblogs that reference FQ.07.28: Favorite Quote for This Week:
The comments to this entry are closed.
Popular Posts
Recent Posts
- Two surprises: China doesn't own us; and the debt burden is relatively low
- The payroll tax holiday: Throwing FDR under the bus
- Class warfare can be good for us
- Balanced Budget Amendment: Why it's a bad idea
- How the Democrats and the Tea Party botch Reagan's legacy
- Principles vs. Tribal Loyalties
- Bernanke’s response
- For the middle class, one less thing to worry about
- Social security privatization: a plan both left and right could like
- USA's debt burden unchanged in ten years
Comments