The growth stagnation

Erik Torrenberg writes: Tyler Cowen’s “The Great Stagnation” and Robert Gordon’s “The Rise and Fall of American Growth” details the specifics of how economic growth rates have been slowing. From 1970-1973, TFP grew about 2% per year. The next few decades it dropped to 1% a year. From 2005-2015 it jumped back up to 2% … Continue reading The growth stagnation