How to Boost the Payoff from Innovation While Shrinking its Destructive Side Effects

Robert J. Gordon

Business History Review, 2021, vol. 95, issue 4, 823-840

Abstract: Gather a group of economists together and ask what most concerns them, and a wide variety of topics would soon emerge: slowing economic growth in the rich nations, the inability of many poor nations to converge toward the rich, rising income and wealth inequality, the increasing dominance of superstar firms, growing profit margins and the decline in labor's income share, globalization and the human costs of outsourcing, deaths of despair, and the threat of climate change. Decade after decade, numerous books have been written about each of these issues. But here we have in one compact package a blockbuster book that deals with all of them.

Date: 2021
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