Quotation of the Day…
by Don Boudreaux
on December 3, 2024
… is from page 1 of Alecia Waite Cassidy’s, Edward Tower’s, and Xiaolu Wang’s excellent September 2016 paper, “Manufacturing Fetishism: The Neo-Mercantilist Preoccupation with Protecting Manufacturing”:
We find the manufacturing share is not significantly correlated with a higher standard of living. Nor is it related significantly and consistently to economic growth.
