Is U.S. economic growth over? faltering innovation confronts the six headwinds

Robert J Gordon*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

5 Scopus citations

Abstract

This paper raises basic questions about the process of economic growth. It questions the assumption, nearly universal since Solow’s seminal contributions of the 1950s, that economic growth is a continuous process that will persist forever. There was virtually no growth before 1750, and thus there is no guarantee that growth will continue indefinitely. Rather, the paper suggests that the rapid progress made over the past 250 years could well turn out to be a unique episode in human history. The paper views the future from 2007 while pretending that the financial crisis did not happen.

Original languageEnglish (US)
Pages (from-to)49-67
Number of pages19
JournalVoprosy Ekonomiki
Volume2013
Issue number4
StatePublished - Jan 1 2013

Keywords

  • Economic growth
  • Innovation policy
  • USA

ASJC Scopus subject areas

  • Business and International Management
  • Finance
  • Sociology and Political Science
  • Economics and Econometrics

Fingerprint Dive into the research topics of 'Is U.S. economic growth over? faltering innovation confronts the six headwinds'. Together they form a unique fingerprint.

Cite this