The intelligent and thoughtful Ricardo Hausmann wants to make two three four points: First, that what economists know about long-run economic growth is a Sokratic form of “knowledge”: they know that they do not know–that the secret to long-run economic growth is neither market allocations that capture Harberger triangles, education, infrastructure, buildings, or machines: Ricardo … Continue reading Technology: Its Identity, Its Diffusion, and the Near-Bankruptcy of Modern Economic Theory: Monday Focus: May 5, 2014