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Industry Rents: Evidence and Implications
THE PAST FEW years have witnessed a renewed interest in the sectoral composition as well as the overall level of the economy's output. Evidence suggesting that the bulk of employment growth in the… Expand
At what price? : conceptualizing and measuring cost-of-living and price indexes
How well does the consumer price index (CPI) reflect the changes that people actually face in living costsa "from apples to computers to health care? Given how it is used, is it desirable to… Expand
The Productivity of Capital in a Period of Slower Growth
THE UNITED STATES has invested a smaller fraction of its gross national product in capital goods than almost any of its major international competitors in the 40 years since 1948. Over this same… Expand
Was This Recession Different? Are They All Different?
The public use of the private interest
- C. Schultze
According to conventional wisdom, government may intervene when private markets fail to provide goods and services that society values. This view has led to the passage of much legislation and the… Expand
The Consumer Price Index: Conceptual Issues and Practical Suggestions
- C. Schultze
- 1 February 2003
A National Academy of Sciences Panel recently made a number of recommendations to the BLS for improving the Consumer Price Index, while also suggesting some cautions to be observed when considering… Expand