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The invisible hand and the weightless economy

By Danny Quah

Abstract

As modern economies grow, production and consumption shift towards economic value that reside in bits and bytes, and away from that embedded in atoms and molecules. This paper discusses the implications of such changes for the nature of ongoing growth in advanced economies and for the dynamics of earnings and income distributions - polarization, inequality - across people within societies

Topics: HB Economic Theory
Publisher: Centre for Economic Performance, London School of Economics and Political Science
Year: 1996
OAI identifier: oai:eprints.lse.ac.uk:2271
Provided by: LSE Research Online

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