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Re: [Pen-l] Bubble Psychology [was: thinking the unthinkable



he also likely assumed full employment.

On Thu, Oct 23, 2008 at 5:15 PM, Perelman, Michael
<MPerelman@xxxxxxxxxxxx> wrote:
> Fogel was correct, but in a static analysis.  Railroads stimulated the
> telegraph, economies of scale in the production of metal for rails ....
>
>
> Michael Perelman
> Economics Department
> California State University
> michael at ecst.csuchico.edu
> Chico, CA 95929
> 530-898-5321
> fax 530-898-5901
> www.michaelperelman.wordpress.com
>
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-- 
Jim Devine /  "Nobody told me there'd be days like these / Strange
days indeed -- most peculiar, mama." -- JL.
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