But there seems like a more basic issue linked to statistical
measurement
of the economy (a favorite topic recently on the list). If we
measure the
economy in hours of work, what percentage of hours of work
consumed come
from trade?
I agree. Moreover, what about an index/measure that puts
Does anyone know if the Census or FTC has published an update of
the Herfindahl index for various industries? I want to compare
measures of concentration from manufacturing and non-manufacturing
sectors.
Thanks
Jason
Has anyone read John Cassidy's piece in the 12/2/96 New Yorker.
"The Decline of Economics"? It's a bunch of fluff, but there are
some choice quotes:
"Is economics making enough progress to justify the millions of
dollars a year that the taxpayer spends to subsidize economic
research? the
Does anyone know of any alternative/unconventional (but reasonable)
measures of market concentration other than the Herfindahl Index?
Also: how does one access the Pen-l archive?
Thanks,
Jason Hecht