Re: Jeff Madrick on "The Computer Revolution"

[michael]

I don't think that the point was that the goods are produced craft-like, but
that the product life cycle is foreshortened.

Back in the 50s, Griliches, Kaysen and another person estimated the waste
involved in changing automobile styles every year.  Now, they are changing
styles every few weeks.

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]