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By Robert J. Gordon

Seventeen essays contain 3 formerly unpublished works and supply sharply etched perspectives at the valuable subject matters of macroeconomics: progress, inflation, and unemployment. Robert Gordon re-examines their salient issues in a brand new available creation to fashionable macroeconomics. all the 4 elements into which the essays are grouped additionally bargains a brand new creation. The foreword by way of Nobel Laureate Robert M. Solow reviews at the carrying on with significance of those essays which date from 1968 to the current.

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3. 2. 0 for DOS, with a fully graphical WYSIWYG interface, as at point C. Further order-of-magnitude increases in speed bring us today’s state of the art at point D, Windows 98 with the latest version of Microsoft Word. Yet look at how the curve flattens out. The real revolution in word processing came at the beginning, by ending repetitive retyping and by allowing revisions to be inserted while the rest of the document would automatically reformat itself. The productivity enhancement of WYSIWYG was minor in comparison, and what was contributed by the final step to the latest version of Word for Windows, beyond some ease of training for novice users, escapes me.

312–20. ” In the New York Times Book Review. July 12, 1987; p. 36. Triplett, Jack E. ” Canadian Journal of Economics. April, 1999; vol. 32, no. 2, pp. 309–34. CHAPTER 1 Does the “New Economy” Measure Up to the Great Inventions of the Past? S. economy is in the throes of a fundamental transformation, one which is wiping out the 1972–95 productivity slowdown, along with inflation, the budget deficit, and the business cycle. A typical recent comment, in a Wall Street Journal article, claimed that “when it comes to technology, even the most bearish analysts agree the microchip and Internet are changing almost everything in the economy” (Ip, 2000).

February, 1966; vol. 74, pp. 1–17. and Griliches, Zvi. ” The Review of Economic Studies. July, 1967; vol. 34, no. 3, pp. 249–84. Kendrick, John W. ” Review of Economics and Statistics. August, 1956; vol. 38, no. 3. Productivity Trends in the United States. Princeton: Princeton University Press for NBER; 1961. , Jr. ” Journal of Monetary Economics. July, 1988; vol. 22, p. 5. Mokyr, Joel. The Lever of Riches: Technological Creativity and Economic Progress. New York, Oxford: Oxford University Press; 1990.

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