Archive for August 28th, 2012

Is US Economic growth over? A discussion from innovations perspective

August 28, 2012

A fab paper by Robert Gordon of Northwestern Univ. I cannot locate a free version.

He looks at the US growth story from the innovation cycle angle. He points to three phases of innovations in US. Each of these phases led to growth in US economy. Some innovations had a much larger and longer impact than others.

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Economics in Denial…

August 28, 2012

A superb column by Howard Davies. He says Econs and policymakers are seeking help from other fields but not willing to reform things in their own area of economics. Another essay on state of economics..

He begins nicely quoting Trichet who sought help from other fields.

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