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Some Economics of Personal Activity and Implications for the Digital Economy
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Some Economics of Personal Activity and Implications for the Digital Economy

This paper documents, from 1925 to the present, some important historical facts about personal activity and commercial efforts to attract personal attention. First, increases in personal time spent with media as the primary focus of activity match closely increases in total personal discretionary time. Second, the share of advertising spending in total economic output (GDP) has been roughly constant long-term.


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