advantage of the possibility of intertemporal subsitution in order to engage in productivity-improving activities during … productivity, both in the short and long run, and the short-run impact is stronger in those countries where fluctuations are more …

knowledge sector is bounded, as productivity increases, the economy moves from a ‘Solovian zone’ where wages increase with … productivity, to a ‘Marxian’ zone where they paradoxically decline with productivity. This is because as consumption of a given … creativity is more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from …