Robert Solow, Tyler Cowen, and other economists misunderstand science and technology

“… It would take a thick head indeed to believe that new technologies aren’t valuable to the economy. But determining how they are important, and how important they are, gets thorny. That’s because we don’t have access to a counterfactual world in which a given technology was never developed …” (more)

[Konstantin Kakaes, Slate, 17 May]

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