Thursday, February 18, 2016

Robert J Gordon and the rise and fall of American capitalism

"[A]re we entering a new industrial revolution like the early 19th century that will give capitalism a new lease of life in developing the productive forces, even if it means loss of jobs for hundreds of millions and rising inequality of income and wealth?  Or are the new ‘disruptive technologies’ just a mirage that will change little in increasing economic growth and productivity, as Gordon argues?"

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