Skip to main content

CEP occasional paper

The Invisible Hand and the Weightless Economy


As modern economies grow, production and consumption shift towards economic value that reside in bits and bytes, and away from that embedded in atoms and molecules. This paper discusses the implications of such changes for the nature of ongoing growth in advanced economies and for the dynamics of earnings and income distributions - polarization, inequality - across people within societies.


Danny Quah

May 1996     Paper Number CEPOP12

Download PDF - The Invisible Hand and the Weightless Economy