America Outgrew Europe In The Mid-19th Century

David Leonhardt’s last “Economic Scene” column is basically awesome, but as he rides into the sunset of his new Washington Bureauchiefdom, he did offer one offhand remark that I don’t think is quite right: When it comes to economics, we know that a market economy with a significant government role is the only proven model [...]

Source: http://thinkprogress.org/yglesias/2011/07/27/281041/america-outgrew-europe-in-the-mid-19th-century/

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