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This content is only available as a PDF. Author notes I thank Robin Cowan, Paul David, Joseph Farrell, Ward Hanson, Charles Kindleberger, Richard Nelson, Nathan Rosenberg, Paul Samuelson, Martin Shubik, and Gavin Wright for useful suggestions and criticisms. An earlier version of part of this paper appeared in 1983 as Working Paper 83-90 at the International Institute for Applied Systems Analysis, Laxenburg, Austria. Support from the Centre for Economic Policy Research, Stanford, and from the Guggenheim Foundation is acknowledged. © 1989 Royal Economic Society
Economic Journal – Oxford University Press
Published: Mar 1, 1989
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