Sunday, April 05, 2015

A Matt Rognlie quote

Matthew Rognlie: " an industry where most of the output is produced by short-lived software, the gross capital share will be high, evincing the centrality of capital’s direct role in production. At the same time, the net capital share may be low, indicating that the returns from production ultimately go more to software engineers than capitalists—whose return from production is offset by a loss from capital that rapidly becomes obsolete." in (beginning of page 6)…/bp…/spring-2015/2015a_rognlie.pdf

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