I thought you were going to zero in on the productivity is declining comment, when clearly what they meant is productivity growth is declining.
Well, the IR reforms certainly could cause an improvement in productivity by a range of mechanisms including release of resources barred by complexity costs. So their claim is optimistic, but not self-evidently silly.
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Re: Productivity
Date: 2005-10-17 10:51 pm (UTC)Well, the IR reforms certainly could cause an improvement in productivity by a range of mechanisms including release of resources barred by complexity costs. So their claim is optimistic, but not self-evidently silly.