PBS covers Bob Gordon's The Rise in addition to Fall of American Growth.
[Embedded video. These aren't picked upwards when other sources selection upwards the blog, in addition to hence come dorsum to the original if yous don't meet the video.]
PBS in addition to Paul Solman did a neat job, peculiarly relative to the commons standards of economic science coverage inwards the media. OK, non perfect -- they livened it upwards yesteryear tying it to partisan politics a fleck to a greater extent than than they should have, though far less than usual.
I don't (yet, maybe) concur amongst Bob. I nonetheless promise that the mastery of data in addition to biological scientific discipline tin create results similar the mastery of electromagnetism in addition to fossil fuels did earlier. I nonetheless suspect that tedious growth is resulting from government-induced sclerosis rather than an absence of proficient ideas inwards a smoothly surgical operation economy. But Bob has us talking close The Crucial Issue: long term growth, in addition to its source inwards productivity. The 1870-1970 miracle was non close whether the federal funds charge per unit of measurement was 0.25% higher or lower. And the number is non close opinions, similar the ones I only offered, but facts in addition to research, which Bob offers.
The number of hereafter long-term growth is tied amongst the number of measurement, something else that Bob has championed over the years. gross domestic product is good designed to stair out steel per worker. Information, wellness in addition to lifespan increases are much to a greater extent than poorly measured. This is already a work inwards long-term comparisons. In the video, Bob points to lite every bit the greatest invention. The toll of lite has fallen yesteryear a component of thousands since the historic menstruation of candles, to the indicate where lite consumption is a footling share of GDP. It's a worse work every bit all the neat materials becomes free. I suspect that we'll accept to endeavour to stair out consumer surplus non only the marketplace seat value of goods in addition to services.
And congratulations to Bob. The economic science profession tends to focus on the immature rise stars, but he offers inspiration that economists tin create magnum opuses of deep touching on at whatever indicate inwards a career.
Disclosure: I haven't read the majority yet, but it is on locomote yesteryear of the pile. More when I finish. Ed Glaeser has an fantabulous review.
Update: Tyler Cowen's review, inwards Foreign Affairs
[Embedded video. These aren't picked upwards when other sources selection upwards the blog, in addition to hence come dorsum to the original if yous don't meet the video.]
PBS in addition to Paul Solman did a neat job, peculiarly relative to the commons standards of economic science coverage inwards the media. OK, non perfect -- they livened it upwards yesteryear tying it to partisan politics a fleck to a greater extent than than they should have, though far less than usual.
I don't (yet, maybe) concur amongst Bob. I nonetheless promise that the mastery of data in addition to biological scientific discipline tin create results similar the mastery of electromagnetism in addition to fossil fuels did earlier. I nonetheless suspect that tedious growth is resulting from government-induced sclerosis rather than an absence of proficient ideas inwards a smoothly surgical operation economy. But Bob has us talking close The Crucial Issue: long term growth, in addition to its source inwards productivity. The 1870-1970 miracle was non close whether the federal funds charge per unit of measurement was 0.25% higher or lower. And the number is non close opinions, similar the ones I only offered, but facts in addition to research, which Bob offers.
The number of hereafter long-term growth is tied amongst the number of measurement, something else that Bob has championed over the years. gross domestic product is good designed to stair out steel per worker. Information, wellness in addition to lifespan increases are much to a greater extent than poorly measured. This is already a work inwards long-term comparisons. In the video, Bob points to lite every bit the greatest invention. The toll of lite has fallen yesteryear a component of thousands since the historic menstruation of candles, to the indicate where lite consumption is a footling share of GDP. It's a worse work every bit all the neat materials becomes free. I suspect that we'll accept to endeavour to stair out consumer surplus non only the marketplace seat value of goods in addition to services.
And congratulations to Bob. The economic science profession tends to focus on the immature rise stars, but he offers inspiration that economists tin create magnum opuses of deep touching on at whatever indicate inwards a career.
Disclosure: I haven't read the majority yet, but it is on locomote yesteryear of the pile. More when I finish. Ed Glaeser has an fantabulous review.
Update: Tyler Cowen's review, inwards Foreign Affairs
