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Dale Jorgenson Expected that Every Econometrician Would Do Their Duty

The architect of today’s productivity accounting exhibited a touch of Nelson

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When Dale Jorgenson died last summer, of long Covid, at 89, sighs were heard throughout the worldwide community of measurement economists. Had the Swedish authorities at long last been preparing to recognize the founder of modern growth accounting? Did the Reaper rob the Harvard University econometrician of his Nobel Prize? Probably not. It seemed that, barring exigency, the Nobel panel had decided long ago to pass him by.  It was left to Martin Baily, a senior fellow at the Brookings Institution to tell The Wall Street Journal’s James Hagerty that Jorgenson “should have been awarded a Nobel Prize….”  The same