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Why Are Workers Are Getting A Smaller Piece Of The Economic Pie?

The Horizons Tracker

New research from MIT sets out to understand precisely why the labor share of GDP has fallen from 67% in 1980 to just 59% today. The discontent from economists has mainly arisen due to the remarkable stability of labor’s share of GDP throughout the 20th century. “That’s our key point.” ” Superstar firms.

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Why Germany Dominates the U.S. in Innovation

Harvard Business Review

Reading the headlines, you might think that the most urgent question about national success in innovation and growth is whether the U.S. Germany does a better job on innovation in areas as diverse as sustainable energy systems, molecular biotech, lasers, and experimental software engineering. or China should get the gold medal.

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What an Economist Brings to a Business Strategy

Harvard Business Review

Walker’s innovation was to bind travelers to pay the prices they bid if the airlines and hoteliers on Priceline accepted the offers. For several decades after World War II, economists used statistical techniques to build increasingly complex models to forecast key macroeconomic variables, notably, GDP growth, inflation and unemployment.