----- Original Message ----- From: "Richard Baker" <[EMAIL PROTECTED]> To: "Killer Bs Discussion" <[EMAIL PROTECTED]> Sent: Thursday, June 26, 2003 1:37 PM Subject: Re: Comparision of ecconomic growth
> Dan said: > > > One of the truisms that has been accepted by me, and others, is that > > the US ecconomy has been growing faster than Europe's, and that this > > reflects the advantages of less governmental control of the ecconomy. > > I decided to try to find the numbers on this. > > I've just started reading Will Hutton's _The World We're In_ (published > in the US, where his earlier book on Britain, _The State We're In_ > isn't so well known, as _The Declaration of Interdependence_) and he's > chock full of criticisms of the US economy compared with the European > one. One interesting thing he says is that the growth of productivity > per hour worked in Europe has so outstripped that in the US that it's > higher in France, the Netherlands, Belgium and the former West Germany > than in America and only marginally lower in Ireland, Austria and > Denmark. This is apparently masked in the more well known figures by the > facts that Americans are working longer hours than Europeans and that > more American women work. If you could find any figures on that, I'd be > interested. (I'd look myself but I'm very busy at the moment.) At http://econ161.berkeley.edu/movable_type/archives/000949.html we find recent quotes from the IMF showing that the US now leads Europe in productivity per hour as well as productivity per capita. Considering the fact that the US has a large undereducated immigrant population in the labor force, and Europe has much higher unemployment rates this is fairly remarkable. Dan M. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
