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Nor, to my knowledge, does the use of productivity in the standard sense, by itself, take into consideration the effect on the size of the over all economy and provide any rationale for assessing trade-offs. I would be pleased to find that there is a flourishing literature on the effects of this trade-off.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed May 18th, 2011 at 05:47:41 PM EST
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