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Robert Solow on the future of leisure - Marginal REVOLUTION
…there is no logical or physical reason that the work year of a machine should not actually increase, say. But it would seem more likely that increased leisure over the next century should be accompanied by a smaller stock of capital (per worker), smaller gross investment (per worker), and thus a larger share of consumption […] The post Robert Solow on the future of leisure appeared first on Marginal REVOLUTION.