Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds

  title={Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds},
  author={Robert J. Gordon},
  journal={Economic History eJournal},
  • R. Gordon
  • Published 1 August 2012
  • Economics
  • Economic History eJournal
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 suggests that the rapid progress made over the past 250 years could well turn out to be a unique episode in human history. The… 
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