Summary of The Death of Innovation, the End of Growth

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The Death of Innovation, the End of Growth summary
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Rating

7 Overall

8 Importance

8 Innovation

7 Style


Recommendation

Whether you consider him a pessimist or a realist, macroeconomist Robert Gordon has carefully studied the potential for continued economic growth in the US and deemed it dismal. He bases his outlook on an analysis of four growth-slowing “headwinds” and the concept that future innovations must rival the game-changing inventions of the 20th century. getAbstract highly recommends this intelligent, albeit grim, lecture on the future of growth.

In this summary, you will learn

  • What four factors are slowing fiscal growth,
  • Why modern innovations must continue to be as groundbreaking as those of the 20th century and
  • Why rivaling such innovations will be an enormous challenge.
 

About the Speaker

Robert Gordon is a respected economist and professor at Northwestern University.

 

Summary

Has economic growth in America peaked? An analysis of economic acceleration over the past eight centuries shows that after hundreds of years of just a 0.2% annual increase, growth ...

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