The limits to productivity growth are set only by the limits to human inventiveness
Robert Gordon’s magisterial book The Rise and Fall of American Growth argues that the years from 1870 to 1970 were the “special century” for technological developments. And that the past 50 years, by contrast, have been “dazzling but disappointing”. Yet, if not much seems to have happened, it is perhaps because we see that much is yet to come.
The limits to productivity growth are set only by the limits to human inventiveness Read More »
