Perspectives on The Rise and Fall of American Growth
总结《美国增长的兴衰》一书，并评述四篇评论文章，探讨未来技术进步速度、福利提升的生产率增长、就业前景与制度环境对创新的影响。
This paper summarizes the book and assesses the reviews contained in the four contributed papers. Gregory Clark provides convincing arguments that extend the book's forecast that future technological change will be slower. Nicholas Crafts shows declining mortality and shorter work hours greatly increase welfare-augmented TFP growth during 1929-50. Benjamin Friedman points out that optimism about future technological change casts doubt on future employment growth, while technological pessimism implies employment optimism. Daron Acemoglu and co-authors emphasize the institutional environment that influences the timing and magnitude of innovation.