Robert Gordon

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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Will Big Data, Better Sensors & the “Industrial Internet” save our economy?

Will Big Data, Better Sensors & the “Industrial Internet” save our economy?

In the past, we’ve highlighted Robert Gordon’s theories that there is little reason to expect much productivity growth in the future from advanced economies, raising the prospects of decades of stagnation.  In a post at VoxEu, GE economist Marco Annunziata takes exception: The declining cost of [digital] instrumentation is beginning to enable a much wider […]

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Will Our Shrinking Workforce be a Bottleneck for Long-Term Economic Growth?

Will Our Shrinking Workforce be a Bottleneck for Long-Term Economic Growth?

A recent article in the Wall Street Journal describes the long-term decline in the size of the US workforce and its implications for long-term growth. [Sweeping] demographic and societal changes were driving down the participation rate long before the recession took hold. Young people are starting work later as more of them go to college. […]

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Robert Gordon Redux:  Hard Times Come Again?

Robert Gordon Redux: Hard Times Come Again?

Over at Economic Principals, David Warsh weighs in on Robert Gordon’s theory that the era of growth may be over for advanced economies.  His conclusion is not exactly reassuring: . . . . Gordon raises the specter of those four centuries of negligible growth that unwound before the first industrial revolution rescued Great Britain from […]

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