Tuesday assorted links

1. Are patents responsible for declining business dynamism?  (Not my view, but fyi.)  Here is a paper blaming the slowdown on a deficiency in knowledge diffusion, I blame talent differentials in those cases.

2. “…measured productivity responds directly to competition.”

3. “Relative to the official numbers, we estimate that [Chinese] GDP growth from 2010-2016 is 1.8 percentage points lower and the investment and savings rate in 2016 is 7 percentage points lower.”

4. A short Time piece by me, excerpted and adapted from *Big Business*, on why current CEO pay is not outrageous.  I do consider your most likely objections in the full chapter in the book.

5. Looking for Shakespeare’s library.

6. David Henderson on *Big Business: A Love Letter to an American Anti-Hero*.