“..What if the extraordinary growth seen throughout the developed and developing world since 1700 ended around the turn of the century?
What if the long-term growth assumption of around 2 to 3 per cent a year ad infinitum was actually wrong?
How would that change our view of our economy, our social development and our political outlooks?
That’s the debate sparked internationally by a stunning academic paper from respected US economist Robert J. Gordon: Is US Economic Growth Over: Faltering Innovation Confronts The 6 Headwinds.
If proven, the implications of his thesis are sobering..”
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