Has the Ideas Machine Broken Down? According to economist Robert Gordon, the last two centuries of economic
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Has the Ideas Machine Broken Down?
According to economist Robert Gordon, the last two centuries of economic growth might actually amount to just “one big wave” of dramatic change rather than a new era of uninterrupted progress, and the world is now returning to extensive growth, which is a matter of adding more and/or better labor, capital, and resources. Which of the growth theories that you’ve studied in this chapter best corresponds Mr. Gordon’s statement?
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The growth theory that best corresponds to Robert Gordons statement about the last t...View the full answer
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