Quah, Danny (1996) The invisible hand and the weightless economy. Centre for Economic Performance occasional papers, CEPOP12. Centre for Economic Performance, London School of Economics and Political Science, London.
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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.
|Item Type:||Monograph (Discussion Paper)|
|Additional Information:||© 1996 The author|
|Library of Congress subject classification:||H Social Sciences > HB Economic Theory|
|Sets:||Collections > Economists Online
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