Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Hopefully I'll have more time to comment later on, but for now I want to pick out this sentence:

The combination of this trend's timing and its cross-country pattern is consistent with a technological cause: faster innovation increasing the rate of obsolescence in capital goods and the ex ante rate of churn in the labour market.

I'm pretty cynical about this meme. As Krugman amongst others have noted, the combination of timing and cross-country pattern can also be related to various political developments and various geo-political issues too.

by Metatone (metatone [a|t] gmail (dot) com) on Wed Jan 30th, 2008 at 04:03:11 AM EST

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