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satt comments on Open Thread, Jul. 27 - Aug 02, 2015 - Less Wrong Discussion

5 Post author: MrMind 27 July 2015 07:16AM

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Comment author: satt 31 July 2015 04:52:52AM 1 point [-]

It's interesting to try to square the reality of very slow growth in developed economies with the widespread notion that we are living in a time of rapid technological change.

Also interesting is that there's some precedent for this: British GDP growth (table 21 of this) was similarly anaemic during the (first) Industrial Revolution. The average growth rate didn't even hit 2% until around the 1830s!