Robert Gorden’s The Rise and Fall of American Growth is the nucleus that the rest of the articles revolve around. Far from the a techno-utopian vision of the future, Gordon argues that the tech revolution is hyped and that the great age of economic growth in the developed world is over.
The Reading List
- Let’s start off with an article from the Economist showing that productivity growth has been anemic across developed economies: The Curious Case of Missing Global Productivity Growth.
- The second part of the first article presents a different argument that blames established companies for the economy becoming non-productive: Attack of the Zombie Firms.
- G Force is the Economist’s original book review of The Rise and Fall of American Growth.
- Hail the Maintainers takes the same topic in an altogether different direction: most of the labor in an economy is devoted to the maintenance of infrastructure rather than innovation.