Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Are We Approaching an Economic Singularity? Information Technology and the Future of Economic Growth†

Are We Approaching an Economic Singularity? Information Technology and the Future of Economic... AbstractWhat are the prospects for long-run economic growth? One prominent line of economic thinking is the trend toward stagnation. Stagnationism has a long history in economics, beginning prominently with Malthus and occasionally surfacing in different guises. Prominent themes here are the following: Will economic growth slow and perhaps even reverse under the weight of resource depletion? Will overpopulation and diminishing returns lower living standards? Will unchecked CO2 emissions lead to catastrophic changes in climate and human systems? Have we depleted the store of potential great inventions? Will the aging society lead to diminished innovativeness? (JEL D83, E25, O31, O32, O41, O47) http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png American Economic Journal Macroeconomics American Economic Association

Are We Approaching an Economic Singularity? Information Technology and the Future of Economic Growth†

Download PDF
34 pages

Loading next page...
 
/lp/american-economic-association/are-we-approaching-an-economic-singularity-information-technology-and-XZ9P3x7DUe

References

References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.

Publisher
American Economic Association
Copyright
Copyright © 2021 © American Economic Association
ISSN
1945-7715
DOI
10.1257/mac.20170105
Publisher site
See Article on Publisher Site

Abstract

AbstractWhat are the prospects for long-run economic growth? One prominent line of economic thinking is the trend toward stagnation. Stagnationism has a long history in economics, beginning prominently with Malthus and occasionally surfacing in different guises. Prominent themes here are the following: Will economic growth slow and perhaps even reverse under the weight of resource depletion? Will overpopulation and diminishing returns lower living standards? Will unchecked CO2 emissions lead to catastrophic changes in climate and human systems? Have we depleted the store of potential great inventions? Will the aging society lead to diminished innovativeness? (JEL D83, E25, O31, O32, O41, O47)

Journal

American Economic Journal Macroeconomics – American Economic Association

Published: Jan 1, 2021

References