Tag Archives: per capita GDP
Is Economic Growth Really Ending?
Robert Gordon has argued in his recent NBER paper “Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds” that growth rates have slowed and we are reverting to very low historical growth rates and indeed a period of economic stagnation. However, what I find intriguing is that an examination of some long-term data […]
We Will Bury You…Eventually?
Few probably recall (I was not even born yet) the November 18, 1956 Western ambassadors reception at the Polish embassy in Moscow where the then Soviet First Secretary of the Communist Party Nikita Krushchev supposedly uttered the famous quote: “We will bury you.” The actual line apparently was apparently something to the effect of “Whether […]
Is the Stationary State Coming?
Robert Gordon has recently published an NBER paper titled “Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds”. The paper questions the universal assumption that gained currency in the 1950s with Robert Solow's work that economic growth is a continuous process that will persist forever. Indeed, Gordon suggests that the past 250 years […]
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