I think this is a good review of an explanation of a somewhat mysterious phenomenon and draws out a bunch of interesting implications. That being said, I notice that ‘cost disease’ is much less talked about these days, perhaps because COVID has been a bigger disruptor to the real prices of goods.
I think this is a good review of an explanation of a somewhat mysterious phenomenon and draws out a bunch of interesting implications. That being said, I notice that ‘cost disease’ is much less talked about these days, perhaps because COVID has been a bigger disruptor to the real prices of goods.