[Pen-l] Grasping the standard model with both hands... Screw Reality!

[Sandwichman <lumpoflabor@xxxxxxxxx>]

At http://delong.typepad.com/sdj/2009/03/over-at-the-economist.html

Brad DeLong wrote:

"The 1929-1950 period saw the last sharp decline in the American
workweek--a decline that does not mean that the economy was depressed
and performing poorly in 1959 or 1949 (or 1939) relative to 1929, but
instead that Americans had decided to take a substantial part of their
increased technological wealth and use it to buy increased leisure."

The Sandwichman begs to differ: http://econospeak.blogspot.com/2009/03/human-infrastructure.html

-- 
Sandwichman
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