The Power of Productivity: Wealth, Poverty, and the Threat to Global Stability

14,00 (IVA no incluido)

One, many people look for the causes of poor economic performance primarily in macroeconomics. An evaluation of economic performance requires an analysis at the level of individual industries, such as automotive, steel, banking, and retailing.

Two, beyond macroeconomic policies, economic analysis usually ends up attributing most of the differences in economic performance to differences in labor and capital markets. This conclusion is incorrect. Differences in competition in product markets are much more important.


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William W. Lewis