On Thursday April 13, Professor Patrick Minford debated the new economy at Lombard Street Research.
Computers are a burst of new technology, unpredictably adding to the cumulative stock of technology.
New technologies follow an S-shaped curve. Now into lower inflection of the S. US evidence of acceleration in labour productivity since 1995. Do create a neutral, low marginal rate, tax system with workfare-style benefit system. Professor Minford also runs his own website , containing his most recent research and articles. No material is to be copied or reproduced in any other form without prior permission.