One Economist's View of Growth
What he writes seems related to our earlier discussions on growth and to The Club of Rome's work on the limits to growth 40 years ago. While that work pointed to an impending clash between exponential growth and finite resources, Gordon's points to evidence of slowing growth in the economic data. His graph of UK/US economic growth from 1300 to 2007 (with predictions out further) reminds me of Hubbert's pimple on the use of petroleum as a fuel.
There's a difference between Gordon's thesis and that of the Club of Rome, though. Gordon's article shows S-shaped growth that is coming to an end, while the Club of Rome work warns of potential overshoot.
Thanks to Mark Thoma for the pointer.