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15 de nov. de 2016 · Paul Krugman’s conclusion about the importance of productivity is widely shared among economists. Yet productivity growth across the world has been sluggish in recent decades, in both advanced and developing countries, and restarting it is a central priority for the global development agenda.
16 de fev. de 2021 · Productivity. North America. February 16, 2021 Economist and New York Times columnist Paul Krugman’s aphorism remains apt for a US economy looking to rebuild. The years after WWII are particularly instructive, when productivity grew 2.8 percent a year from 1947 to 1973.
Paul Krugman is one of the world's best-known economists. He has a Nobel Prize in economics and a regular economics column. He once said, “productivity isn't everything, but, in the long run, it is almost everything”.
1 de mai. de 2008 · Productivity. May 1st 2008 |. “Productivity isn't everything, but in the long-run it is almost everything,” said Paul Krugman in his book “The Age of Diminished Expectations”. The more...
9 de jul. de 2023 · Remember Paul Krugman’s maxim: “Productivity isn’t everything, but in the long run it is almost everything.” But there is more to this challenge than just squeezing inefficiencies out of work practices.
Productivity is commonly defined as a ratio between the output volume and the volume of inputs. In other words, it measures how efficiently production inputs, such as labour and capital, are being used in an economy to produce a given level of output.
We began this chapter by setting out what productivity is, but also stressing its importance beyond being an economic ratio of technical interest only. On the contrary, as Paul Krugman reiterated, productivity – or the lack of it – is the crucial determinant of people’s material well-being.
