I try and refrain from cross posting, but this is simply to good to ignore: David Leonhardt's article about growth in the context of the federal stimulus bill in The New York Times Magazine. His section on education and growth (Section VI) obviates my planned blog post on the Katz and Goldin book (and I just received my very own copy - drat!). [Well ignoring sunk costs may be what one is supposed to do, but in this case my investment will prompt me to follow through]
Anyway, kudos to Leonhardt for writing such an exceptional piece.
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