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That seems to be the dominant view, because it's typically understood that labour and capital are characterised by diminishing returns, so the only way to alter long-term growth trends is through innovation.  You can only add so many workers to the production line and so many computers to the office before reaching the optimal outcome.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (pedobear@pennstatefootball.com) on Thu Jun 29th, 2006 at 04:01:47 PM EST
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