Agree, thank you. It is hard for someone who does not work with this to keep up. Terminology, accounting praxis, etc is hopeless to just learn in one spot. Context gives a lot of intuition and is really speeding up the learning processs. The level at which you put this is perfect for me!
The problem is how do you systematically identify 'productive sectors' ex ante? This is tied to the problem of industrial policy
An excellent summary
Agree, thank you. It is hard for someone who does not work with this to keep up. Terminology, accounting praxis, etc is hopeless to just learn in one spot. Context gives a lot of intuition and is really speeding up the learning processs. The level at which you put this is perfect for me!