Lake Cachi Mirador, Costa Rica.

Opposing Growth Projections

Opposing Growth Projections The Rise and Fall of American Growth by Robert Gordon, an economist at Northwestern University, is premised upon a rather gloomy observation that this country’s most innovative years have given way to a lack of truly ground-breaking inventions. He argues that this trend has resulted in a long-term drag on economic growth. The real period of transformative innovations, states Gordon, occurred in the century between  1870 and 1970 when economic growth soared as a result of “epochal break-throughs” including electric light, indoor plumbing, the automobile, radio, telephone and air travel. He might have added television which crept into popularity at the close of that century. According to […]

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