Friday, June 23, 2006

Quick note to the Elder 

What I think people forget when looking at your graph is that the US is more than 20% of the world economy. I showed my intermediate macro students this chart the other day (source). In 1913 we were about 60% of the GDP of western Europe. We caught up right after World War II and are now beginning to pull away.

The other thing that will strike people is how much of the economy is located in relatively small spaces in the Northeast. But for fun, play with this map. Everyone knows California has the largest state product. Who's second?