Are the rumours actually based on any verifiable data?
October 26, 2012 6:24 AM Subscribe
"Is US Economic Growth Over? Faltering Innovation Confronts Six Headwinds" (PDF) by Robert Gordon
This post was deleted for the following reason: Looks like this has already been covered. -- taz
First page of paper is a pitch for his book? Great scholarship.
Also, I'm always highly skeptical of historical data used in this way.
There was virtually no growth before 1750
Really? Sure there's a nice graph on page 4, but even recent GDP data is suspect given the inability to account for extra-market transactions like illegal goods, political rents and work in the household.
There's a real sample bias with historians where they take the only quantitative data available and resign to the idea that this tells the whole story of what's going on.
posted by Reasonably Everything Happens at 6:55 AM on October 26, 2012
Also, I'm always highly skeptical of historical data used in this way.
There was virtually no growth before 1750
Really? Sure there's a nice graph on page 4, but even recent GDP data is suspect given the inability to account for extra-market transactions like illegal goods, political rents and work in the household.
There's a real sample bias with historians where they take the only quantitative data available and resign to the idea that this tells the whole story of what's going on.
posted by Reasonably Everything Happens at 6:55 AM on October 26, 2012
« Older PhD Comics tv | Jacques Barzun is dead Newer »
This thread has been archived and is closed to new comments
posted by Mr.Know-it-some at 6:54 AM on October 26, 2012