EconTech

This is an old VoxEU article that has been sitting unread in my browser for some time. It is worth reading:
Measuring the welfare gain from new goods
New goods are constantly introduced. Some have a major impact, others little. Consider the recent case of the Apple iPhone. How much has the iPhone improved your welfare? If [...]

I have heard old-school physicians and physicians from lesser-developed countries complain that younger American physicians do not know how to practice medicine without all the fancy equipment we have. This would imply that older equipment couldn’t be reused as readily due to physician reliance on the newest available products.
I have written before on what I [...]

A report from the CBO on the subject, with a pretty good ’summary’ (yea, it is still pretty long, but it reads quickly). I do have to call out the ‘technology effect’ though. Lots and lots of studies all over the place run their regressions, with varying levels of sophistication, and get significant epsilons. That [...]

So, the Samuelson paper was kinda weird, and I have to take exception with Mankiw’s description of it here. While the paper did show that decreased trade would reduce national welfare (of course, that uses a simple national GDP to add over all individuals in a linear manner), it showed that by saying that technological [...]

I’m not going to post full text of articles that have copyright notices on them anymore, but will cut down in an edited way things that are worth reading. Click on the link for the full version.
Note the part in bold (my bold)
Article:
By PAUL KRUGMAN
The financial crisis that began [...]