Guo of OpenEconomics.net recently discussed the benefits of open data for economic research. He writes, “There used to be a time when data was costly: There was not much data around. Comparable GDP data, for example, has only been collected starting in the early mid 20^th Century. Computing power was expensive and costly: Data and commands were stored on punch cards, and researchers only had limited hours to run their statistical analyses at the few computers available at hand.” Read more