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

Robert J. Gordon

NBER Working Paper No. 18315
Issued in August 2012

---- Acknowledgements -----

This research has been supported by the Kauffman Foundation. Many facts and relationships highlighted here are based on my book in progress, Beyond the Rainbow: The American Standard of Living Since the Civil War, under contract to the Princeton University Press. To limit the scope of this short paper, only a limited number of historical references and citations are included here. All others are provided in the book manuscript. I am grateful to Marius Malkevicius and Andrew Sabene for their indispensable research assistance, and to David Warsh for helpful comments. This paper originates in a presentation that has been given to numerous audiences over the past year, and I am grateful to members of those audiences for asking provocative questions and making helpful suggestions in the Q&A sessions. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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