Productivity Growth, Inflation, and Unemployment: The Collected Essays of Robert J. Gordon

Robert James Gordon

Cambridge University Press, 2004 - Business & Economics - 504 pages

The 17 seminal essays by Robert J. Gordon collected here, including three previously unpublished works, offer sharply etched views on the principal topics of macroeconomics namely, growth, inflation, and unemployment. The author re-examines their salient points in a uniquely creative, accessible introduction that serves on its own as an introduction to modern macroeconomics. Each of the four parts into which the essays are grouped also offers a new introduction. The foreword by Nobel Laureate Robert M. Solow comments on the abiding importance of these essays drawn from 1968 to the present.

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Review: Productivity Growth, Inflation, and Unemployment: The Collected Essays of Robert J. Gordon

User Review  - Uwe Hook - Goodreads

Provocative, engaging and well-written, this collection of insightful essays by Bob Gordon links historical movements in three key indicators of macroeconomic activity - productivity growth, inflation ...

Contents

• THE HISTORY THEORY AND MEASUREMENT OF PRODUCTIVITY GROWTH: 7
• Does the New Economy Measure Up to the Great Inventions of the Past?: 22
• Interpreting the One Big Wave in US Longterm Productivity Growth: 50
• The Disappearance of Productivity Change: 90
• The Concept of Capital: 134
• Is There a Tradeoff between Unemployment and Productivity Growth?: 143
• Forward into the Past Productivity Retrogression in the Electric Generating Industry: 172
• INTERPRETING PRODUCTIVITY FLUCTUATIONS OVER THE BUSINESS CYCLE: 219
• Fresh Water Salt Water and Other Macroeconomic Elixirs: 226
• Are Procyclical Productivity Fluctuations a Figment of Measurement Error?: 239
• The Jobless Recovery Does It Signal a New Era of ProductivityLed Growth?: 273
• THE THEORY OF THE INFLATIONUNEMPLOYMENT TRADEOFF: 305
• Alternative Responses of Policy to External Supply Shocks: 313
• Supply Shocks and Monetary Policy Revisited: 332
• The Theory of Domestic Inflation: 340
• The Phillips Curve Now and Then: 349
• EMPIRICAL STUDIES OF INFLATION DYNAMICS IN THE UNITED STATES: 359
• Can the Inflation of the 1970s be Explained?: 367
• The Output Cost of Disinflation in Traditional and Vector Autoregressive Models: 389
• German and American Wage and Price Dynamics Differences and Common Themes: 420
• Foundations of the Goldilocks Economy Supply Shocks and the TimeVarying NAIRU: 457
• Subject Index: 489
• Author Index: 501

Bibliographic information

• Title: Productivity Growth, Inflation, and Unemployment: The Collected Essays of Robert J. Gordon
• Author: Robert James Gordon
• Edition: illustrated
• Publisher: Cambridge University Press, 2004
• ISBN: 052153142X, 9780521531429
• Length: 504 pages
• Subjects: Business & Economics / Economics / Macroeconomics; Business & Economics / Economics / Theory; Business & Economics / Industries / General; Business & Economics / Inflation; Business & Economics / International / General