رشد اقتصادی

Since Solow’s seminal work in the 1950s, economic growth has been regarded as a continuous process that will persist forever. But there was virtually no economic growth before 1750, suggesting that the rapid progress made over the past 250 years could well be a unique episode in human history rather than a guarantee of endless future advance at the same rate. The frontier established by the US for output per capita, and the UK before it, gradually began to grow more rapidly after 1750, reached its fastest growth rate in the middle of the 20th century, and has slowed down since. It is in the process of slowing down further. — Robert J. Gordon^{[۱]Gordon, R.J., 2012. Is US economic growth over? Faltering innovation confronts the six headwinds. National Bureau of Economic Research.}