... well-knownargument for deflationas a means for achievingan'optimumquantityofmoney'isdistinctfromearlierarguments for falling prices. As we shall see,itactually calls for deflationat a rateexceedingt.he ... consist.encywit.hneo-classicaleconomictheory.Otherresearchers(e.g. Levit.anandWerneke,1984,pp.14-23) point.to a downwardbiasinherentinavailable data. The BLS estimates may, t.herefore,beaboutrightafterall. For a comparisonofalternativemeasurementsoftotalfactorproductivityseeBureauofLaborStat.istics, ... GottfriedHaberler,RalphHawtrey,FriedrichHayek, Eric Lindahl, Alfred Marshall,GunnarMyrdal,DennisRobertson,andArthurPigou.Indeed,aslateas the early 1930stherewasatleast asmuchsupportamongwell-known...