April 22, 2012
Productivity, the Miracle of Compound Interest, and Poverty
By Michael Hudson
Naked Capitalism, April 22, 2012. Copyright © 2006, 2007, 2008, 2009, 2010, 2011 Aurora Advisors Incorporated. All Rights Reserved.
Research Associate Michael Hudson looks at the disconnect between the enormous productivity gains in the postwar era and the failed promise of a leisure economy. The full post is available here.