Description
Book SynopsisA comprehensive description and explanation of the decline of economic growth in the USA. The author argues that this is a natural consequence of economic maturity, but also points out that productivity is still growing within industries and the US economy as a whole.
Table of ContentsPreface The Argument: The Way It Worked and Why It Won't Explanation and Description of Economic Growth and Structural Change The Quantitative Record of U.S. Economic Growth Understanding the Measurement of Economic Activity Structural Change and the Slowdown of Productivity Growth Structural Change and the Participation Rate Transfers to the Elder Generation: Taxes and Saving Transfers to the Younger Generation: Economic Growth and the Increasing Burden of Educational Costs Explaining the Slowdown: Developing a Theory of the Mature Economy Some Implications of the Slowdown in Economic Growth in the Mature Economy Appendices References
