Coverart for item
The Resource Productivity growth, inflation, and unemployment : the collected essays of Robert J. Gordon, Robert J. Gordon

Productivity growth, inflation, and unemployment : the collected essays of Robert J. Gordon, Robert J. Gordon

Label
Productivity growth, inflation, and unemployment : the collected essays of Robert J. Gordon
Title
Productivity growth, inflation, and unemployment
Title remainder
the collected essays of Robert J. Gordon
Statement of responsibility
Robert J. Gordon
Creator
Subject
Language
eng
Summary
"This collection of seventeen essays treats the three core topics of macroeconomics - economic growth, inflation, and unemployment. In all three topic areas, the essays have established the context of macroeconomic discussions, including the author's early skepticism that the New Economy and Internet warranted the hype and overblown stock market valuations of the late 1990s, his reinterpretation of the roles of capital accumulation and technological change in economic growth, his reinvention of Keynesian macroeconomics as the interplay of shocks not just to aggregate demand but also to aggregate supply, and his symmetric explanation of why inflation and unemployment were so high in the 1970s and so low in the late 1990s. This collection is unique not only in the importance of its topics and conclusions, but in the novelty of its five newly written introductions, one for the entire book and four new introductions to the separate parts of the book. Each introduction goes beyond summarizing the contribution of the individual essays, setting them in the context of past and current macroeconomic debates and tracing the origins of the ideas and their subsequent evolution. The collection contains three previously unpublished essays on technology and productivity that gain new relevance in today's economy."--BOOK JACKET
Cataloging source
DLC
http://library.link/vocab/creatorDate
1940-
http://library.link/vocab/creatorName
Gordon, Robert James
Illustrations
illustrations
Index
index present
Literary form
non fiction
http://library.link/vocab/subjectName
  • Economics
  • Macroeconomics
  • Economic development
  • Employment (Economic theory)
  • Industrial productivity
  • United States
Label
Productivity growth, inflation, and unemployment : the collected essays of Robert J. Gordon, Robert J. Gordon
Instantiates
Publication
Bibliography note
Includes bibliographical references and indexes
Contents
  • Foreword/
  • Robert M. Solow
  • Preface
  • Introduction.
  • p. 1
  • Pt. 1.
  • History, Theory, and Measurement of Productivity Growth.
  • p. 7
  • 1.
  • Does the "New Economy" Measure Up to the Great Inventions of the Past?.
  • p. 22
  • 2.
  • Interpreting the "One Big Wave" in U.S. Long-term Productivity Growth.
  • p. 50
  • 3.
  • Disappearance of Productivity Change.
  • p. 90
  • 4.
  • Concept of Capital.
  • p. 134
  • 5.
  • Is There a Tradeoff between Unemployment and Productivity Growth?.
  • p. 143
  • 6.
  • Forward into the Past: Productivity Retrogression in the Electric Generating Industry.
  • p. 172
  • Pt. 2.
  • Interpreting Productivity Fluctuations over the Business Cycle.
  • p. 219
  • 7.
  • Fresh Water, Salt Water, and Other Macroeconomic Elixirs.
  • p. 226
  • 8.
  • Are Procyclical Productivity Fluctuations a Figment of Measurement Error?.
  • p. 239
  • 9.
  • Jobless Recovery: Does It Signal a New Era of Productivity-Led Growth?.
  • p. 273
  • Pt. 3.
  • Theory of the Inflation-Unemployment Tradeoff.
  • p. 305
  • 10.
  • Alternative Responses of Policy to External Supply Shocks.
  • p. 313
  • 11.
  • Supply Shocks and Monetary Policy Revisited.
  • p. 332
  • 12.
  • Theory of Domestic Inflation.
  • p. 340
  • 13.
  • Phillips Curve Now and Then.
  • p. 349
  • Pt. 4.
  • Empirical Studies of Inflation Dynamics in the United States.
  • p. 359
  • 14.
  • Can the Inflation of the 1970s be Explained?.
  • p. 367
  • 15.
  • Output Cost of Disinflation in Traditional and Vector Autoregressive Models/
  • Robert J. Gordon
  • Stephen R. King
  • p. 389
  • 16.
  • German and American Wage and Price Dynamics: Differences and Common Themes/
  • Robert J. Gordon
  • Wolfgang Franz
  • p. 420
  • 17.
  • Foundations of the Goldilocks Economy: Supply Shocks and the Time-Varying NAIRU.
  • p. 457
  • Subject Index.
  • p. 489
  • Author Index.
  • p. 501
Control code
l82002035080
Dimensions
24 cm.
Extent
xii, 504 p.
Isbn
9780521531429
Lccn
2002035080
Other physical details
ill.
Label
Productivity growth, inflation, and unemployment : the collected essays of Robert J. Gordon, Robert J. Gordon
Publication
Bibliography note
Includes bibliographical references and indexes
Contents
  • Foreword/
  • Robert M. Solow
  • Preface
  • Introduction.
  • p. 1
  • Pt. 1.
  • History, Theory, and Measurement of Productivity Growth.
  • p. 7
  • 1.
  • Does the "New Economy" Measure Up to the Great Inventions of the Past?.
  • p. 22
  • 2.
  • Interpreting the "One Big Wave" in U.S. Long-term Productivity Growth.
  • p. 50
  • 3.
  • Disappearance of Productivity Change.
  • p. 90
  • 4.
  • Concept of Capital.
  • p. 134
  • 5.
  • Is There a Tradeoff between Unemployment and Productivity Growth?.
  • p. 143
  • 6.
  • Forward into the Past: Productivity Retrogression in the Electric Generating Industry.
  • p. 172
  • Pt. 2.
  • Interpreting Productivity Fluctuations over the Business Cycle.
  • p. 219
  • 7.
  • Fresh Water, Salt Water, and Other Macroeconomic Elixirs.
  • p. 226
  • 8.
  • Are Procyclical Productivity Fluctuations a Figment of Measurement Error?.
  • p. 239
  • 9.
  • Jobless Recovery: Does It Signal a New Era of Productivity-Led Growth?.
  • p. 273
  • Pt. 3.
  • Theory of the Inflation-Unemployment Tradeoff.
  • p. 305
  • 10.
  • Alternative Responses of Policy to External Supply Shocks.
  • p. 313
  • 11.
  • Supply Shocks and Monetary Policy Revisited.
  • p. 332
  • 12.
  • Theory of Domestic Inflation.
  • p. 340
  • 13.
  • Phillips Curve Now and Then.
  • p. 349
  • Pt. 4.
  • Empirical Studies of Inflation Dynamics in the United States.
  • p. 359
  • 14.
  • Can the Inflation of the 1970s be Explained?.
  • p. 367
  • 15.
  • Output Cost of Disinflation in Traditional and Vector Autoregressive Models/
  • Robert J. Gordon
  • Stephen R. King
  • p. 389
  • 16.
  • German and American Wage and Price Dynamics: Differences and Common Themes/
  • Robert J. Gordon
  • Wolfgang Franz
  • p. 420
  • 17.
  • Foundations of the Goldilocks Economy: Supply Shocks and the Time-Varying NAIRU.
  • p. 457
  • Subject Index.
  • p. 489
  • Author Index.
  • p. 501
Control code
l82002035080
Dimensions
24 cm.
Extent
xii, 504 p.
Isbn
9780521531429
Lccn
2002035080
Other physical details
ill.

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      53.403069 -2.963723
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