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Can exponential growth occur if productivity is the best draw from a probability distribution? A video presentation (based on NBER SI) of my paper "Recipes and Economic Growth: A Combinatorial March Down an Exponential Tail."

Recipes and Economic Growth: A Combinatorial March Down an Exponent...

(20 minute presentation) New ideas are often combinations of existing ideas, a point emphasized by Romer (1993) and Weitzman (1998). But this insight is larg...

7:52 PM · Jul 20, 2022