Growing by Leaps and Inches: Creative Destruction, Real Cost Reduction, and Inching Up - Science & Cents Conference, 2002 - FRB Dallas
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چکیده
This article first appeared in Economic Inquiry Vol. 40, no. 3. Reprinted by permission of the publisher, Western Economic Association International. runk: Can you help me find my keys? Passerby: Sure, where exactly did you drop them? Drunk: Way over there by the trash can. Passerby: Then why are you searching over here? Drunk: The light’s much better under the lamppost. —Milton Friedman (Economics 331, 1967)
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[To be added.] for helpful discussions; Mehmet Passaogullari for research assistance; the NSF for research support through a grant to the NBER; and the Kumho Visiting Professorship, Yale University, for providing the time to write this paper.
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