Quote of the Issue
βIn the limit, if capital can replace labor entirely, growth rates could explode, with incomes becoming infinite in finite time.β - John G. Fernald and Charles I. Jones, βThe Future of Economic Growthβ
βIn the limit, if capital can replace labor entirely, growth rates could explode, with incomes becoming infinite in finite time.β - John G. Fernald and Charles I. Jones, βThe Future of Economic Growthβ