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5min chapter
Brad DeLong on Intellectual and Technical Progress
Conversations with Tyler
The Middle Income Trap
Julian Simon: We are extremely inventive and smart collectively. If the problem is to figure out how we can use resources in order to support productivity, we are highly highly likely to find a way that problems of environmental catastrophe and pollution will be solved. He says he has run out of excuses for why middle income traps persist. But on the other hand, Xi Jinping's new imperial China makes me think perhaps the middle income trap will continue to be much stronger than I had hoped five years ago.
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