Economic analysts have used trends in total factor productivity (TFP) to evaluate the effectiveness with which economies are utilizing advances in technology. However, this measure is problematic on several different dimensions. First, the idea that it is possible to separate out the relative...

Economic analysts have used trends in total factor productivity (TFP) to evaluate the effectiveness with which economies are utilizing advances in technology. However, this measure is problematic on several different dimensions. First, the idea that it is possible to separate out the relative...

Intro -- Contents -- Foreword -- Introduction -- Note on the 2001 Edition -- Author's Acknowledgments -- The Hundred Years' Peace -- Conservative Twenties, Revolutionary Thirties -- ''Habitation versus Improvement'' -- Societies and Economic Systems -- Evolution of the Market Pattern -- The...