Free Exchange

Can Innovation Save Us?  An Optimistic Note for the New Year

Can Innovation Save Us? An Optimistic Note for the New Year

Starting the New Year off on an upbeat note:  We’ve highlighted the warnings economist Robert Gordon has raised about potential limits to US productivity and how that could doom us to stagnation without end.  On the bright side, the Economist’s Free Exchange blog warns us that it would be a mistake to discount the potential […]

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Is the US becoming an economic backwater?

Is the US becoming an economic backwater?

That is the question raised by the research of Northwestern University economist Robert Gordon.  He argues that long-term trends indicate that the US economy has already seen a significant drop in productivity growth over the last 40 years, and that this may only be a harbinger of a complete halt to productivity growth: The analysis […]

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Which are the Most Productive State Economies?

Which are the Most Productive State Economies?

The Economist’s Free Exchange blog has a graph comparing the productivity of state economies (measured in GDP output per hour worked) versus the extent of urbanization.  The conclusion?  More urbanized states tend to have higher productivity.  To take it a bit further, there are some highly urbanized states that are even more productive than they […]

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