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Economic Growth by Paul M. Romer From The Fortune Encyclopedia of Economics, David R. Henderson (ed.) Copyright, Warner Books. Used here by permission of copyright holder. Compound Rates of Growth In the modern version of an old legend, an investment banker asks to be paid by placing one penny on the first square of a chess board, two pennies on the second square, four on the third, etc. If the ...
www.stanford.edu/~promer/Econgro.htm
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