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The Direction of Technological Change: A Reply
Economic Development and Cultural Change, 1973I welcome Hayami and Ruttan's exorcism of the anti-Hicksian ogre and their rehabilitation of the original Hicksian position, since this position has always seemed to me to be eminently sensible, intuitively plausible, and historically illuminating. Both they and I start out from a common beginning: that of dissatisfaction with the models developed by ...
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