Is U.S. economic growth over? Faltering innovation confronts the six headwinds by Robert J. Gordon published by NBER (08/2012), indicated by Alvaro Manoel. “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 suggest that the rapid progess made over the past 250 years could well turn out to be a unique episode in human history. The paper is only about the United States and views the future from 2007 while pretending that the financial crisis did not happen…”
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