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.