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spencer commented on 'The Past Two Decades: The Coming of t...conomy Looks to Have Doubled Our True Rate of Economic Growth'

He is measuring consumption, not production. The new online technologies may make our lives better and/or more enjoyable, but they do not add that much to production. So what if you spend hours o...

https://www.bradford-delong.com/2015/06/the-internets-hidden-wealth-bloomberg-view.html?cid=6a00e551f08003883401bb0844eac6970d#comment-6a00e551f08003883401bb0844eac6970d

e abrams commented on 'The Past Two Decades: The Coming of ...conomy Looks to Have Doubled Our True Rate of Economic Growth'

well, if you economists got off your collective duffs, and did what you should do, which is big science, which means putting 500 people on a project to determine how to measure, accurately, "util...

https://www.bradford-delong.com/2015/06/the-internets-hidden-wealth-bloomberg-view.html?cid=6a00e551f08003883401b8d1298c2a970c#comment-6a00e551f08003883401b8d1298c2a970c

John Yard commented on 'The Past Two Decades: The Coming of...conomy Looks to Have Doubled Our True Rate of Economic Growth'

Of course for comparative purposes , this argument is useless. Since the 19th Century , growth as measured by production counts has soared. Quality has also soared. If we 'redo' our numbers now s...

https://www.bradford-delong.com/2015/06/the-internets-hidden-wealth-bloomberg-view.html?cid=6a00e551f08003883401b8d1290db6970c#comment-6a00e551f08003883401b8d1290db6970c

Zathras commented on 'The Past Two Decades: The Coming of t...conomy Looks to Have Doubled Our True Rate of Economic Growth'

If their is indeed hidden economic output in the internet, this says something important about prices as well. Inflation indicators only track things we pay for. However, this hidden output means...

https://www.bradford-delong.com/2015/06/the-internets-hidden-wealth-bloomberg-view.html?cid=6a00e551f08003883401b7c79f97b1970b#comment-6a00e551f08003883401b7c79f97b1970b

rayward commented on 'The Past Two Decades: The Coming of t...conomy Looks to Have Doubled Our True Rate of Economic Growth'

But if we look at the traditional measure of GDP, the information economy overstates economic growth. How so? What has the information economy provided: a better way to build a mousetrap or a bet...

https://www.bradford-delong.com/2015/06/the-internets-hidden-wealth-bloomberg-view.html?cid=6a00e551f08003883401b8d128f6f0970c#comment-6a00e551f08003883401b8d128f6f0970c

Nils commented on 'The Past Two Decades: The Coming of the ...conomy Looks to Have Doubled Our True Rate of Economic Growth'

I bet a (heavily discounted) dollar that the benefits accrue in a very lopsided way to the highest end users, who are already accumulating most if not all of the income gains from the last 30-40 ...

https://www.bradford-delong.com/2015/06/the-internets-hidden-wealth-bloomberg-view.html?cid=6a00e551f08003883401bb0843a77c970d#comment-6a00e551f08003883401bb0843a77c970d

John Howard Brown commented on 'The Past Two Decades: The C...conomy Looks to Have Doubled Our True Rate of Economic Growth'

Having information readily available at my fingertips is a very high valued service for a wannabe know it all like myself. I actually find that I spend more time looking for information now than ...

https://www.bradford-delong.com/2015/06/the-internets-hidden-wealth-bloomberg-view.html?cid=6a00e551f08003883401b8d128eccd970c#comment-6a00e551f08003883401b8d128eccd970c

Ed Freeman commented on 'The Past Two Decades: The Coming o...conomy Looks to Have Doubled Our True Rate of Economic Growth'

The big question here, it seems to me, is how do you put an economic value on things that are not very well measured in monetary terms? The usual answer is to pretend that doesn't exist or isn't ...

https://www.bradford-delong.com/2015/06/the-internets-hidden-wealth-bloomberg-view.html?cid=6a00e551f08003883401b8d128e971970c#comment-6a00e551f08003883401b8d128e971970c