Skip navigation

Annie Lowrey has a piece about customer surplus, citing studies that attempt to measure it for computers:

Karen Kopecky of the Federal Reserve Bank of Atlanta and Jeremy Greenwood of the University of Pennsylvania…tackled the value of the personal computer…they estimated that PCs are worth 2 percent or 3 percent of personal consumption expenditures…a more sophisticated analysis by the Wall Street Journal suggests something like $1,700 [per year].

She also cites Tyler Cowen saying this:

The more we are changing the use of our time, the less we can trust real income statistics.

An interesting point for Cowen to make, given that he recently wrote a book that heavily depends on real income statistics.

And also a thank you to Cowen, who set up two posts with his assorted links. Perhaps he was thanking me for my recent business advice.

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: