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Why price inflation in developed countries is systematically underestimated
Why price inflation in developed countries systematically underestimated
2012/9/14
There is an extensive historical dataset on real GDP per capita prepared by Angus Maddison. This dataset covers the period since 1870 with continuous annual estimates in developed countri...
When the full stock of a new product is quickly sold in a few days or weeks, one has the impression that new technologies develop and conquer the market in a very easy way. This may be true for some n...