Tag Archive: puzzle

Jun 27

C. Baumol’s disease explains productivity puzzle?

Willaim Baumol recently died aged 95 – ‘Baumol’s disease’ is thought by some to explain the current productivity puzzle afflicting most developed nation’s economies, especially their labour-intensive service industries e.g. healthcare, education, performing arts Quoting from an article by George Will in The Washington Post, Senator Daniel Moynihan explained this disease: “The number of players, …

Continue reading »

Apr 15

B. Passports to productivity Improvement?

Some say the ‘Productivity Puzzle’ is the result of a storm of problems affecting both supply and demand in G7 developed nations viz: Supply: In the past, major technological advances (aka Schumpeter discontinuities) enabled quantum leaps in productivity levels – G7 nations would all adopt them and improve at about the same rate – now, without more …

Continue reading »

B. A MIRACLE explains the productivity puzzle

The US is worried about the puzzle of their low GDP and productivity growth following the 2008 financial crisis – likewise the UK and other G7 nations – they had all expected to ‘revert to trend’ by now, to grow at least 2% per annum, not approach zero as is now happening apparently Interestingly, all …

Continue reading »

B. Low Australia productivity affects all, not just a few

New Reserve Bank governor, Philip Lowe, says boosting productivity is essential if Australia is to maintain the living standards it has enjoyed in recent years He warns: “Australia’s remarkable boom times are over and the best way to maintain our standard of living is to have a laser-like focus on productivity”. In his first appearance before …

Continue reading »

C. ‘Productivity South Africa’ use our new book

Productivity SA just hosted the ‘Inaugural Gauteng Regional Productivity Awards’ at the Emperor’s Palace in Ekurhuleni, South Africa They quoted extensively from our new book ‘Productivity Knowhow’. Spokesperson Sam Modiba said: “The city is home to various industries and has been advocating a departure from being a consumptive to a productive one” “It therefore comes …

Continue reading »