is an Americaneconomist
. He is the Stanley G. Harris Professor of the Social Sciences at Northwestern University
. Gordon is one of the world’s leading experts on inflation, unemployment, and long-term economic growth. His recent work asking whether U. S. economic growth is “almost over” has been widely cited,
and in 2016 he was named as one of Bloomberg’s top 50 most influential people in the world. 
Career and contributions
Robert J. Gordon's popular text Macroeconomics
was the first to incorporate the rational expectations
hypothesis into the analysis of the Phillips curve
. Soon all subsequent macro textbooks were expounding the "Expectations Augmented Phillips Curve." In addition, Gordon has written for economic journals, outlining the relation of the productivity growth of modern-day inventions to the great inventions of the late 19th century. He focuses on the impact of computers in the post-1995 economy
on the durable manufacturing sector. Furthermore, he emphasises the marginal productivity of computing technology affects standard of living in a much more contained fashion than the earlier great American inventions.
He downplays the role of computer technology in the economic growth of the latter 20th century in accounting for business cycle and trends. In addition, he also questions the actual productivity of such technological developments.
In 2016 his book The Rise and Fall of American Growth
was published by the Princeton University Press. The book discusses the immense economic growth that occurred in the century after the Civil War as well as why such growth cannot be repeated.
Gordon is a member of a family of economists. Both his parents Robert Aaron
earned distinction independently, each contributing to economic knowledge with a view to real practical benefit for society, as did his brother David
, himself more of a radical. For example, his father is the namesake of the "Gordon Report" which proposed reforms for the computation of the unemployment rate by the US Department of Labor
Bureau of Labor Statistics. He currently resides in Evanston, Illinois
with his wife Julie.
- ^ Gordon, Robert J. (1967). Problems in the measurement of real investment in the U.S. private economy (Ph.D.). MIT. hdl:1721.1/105586.
- ^ https://www.bloomberg.com/features/2016-most-influential/
- ^ DEPARTMENT OF ECONOMICS. (n.d.). Retrieved December 07, 2020, from https://economics.northwestern.edu/people/directory/robert-gordon.html
- ^ Gordon, Robert J. (2000). "Does the 'New Economy' measure up to the great Inventions of the Past?". Journal of Economic Perspectives. 14 (4): 49–74. doi:10.1257/jep.14.4.49. JSTOR 2647075.
- ^ Gordon, Robert J. (June 2000). "Interpreting the 'One Big Wave' in U.S. Long Term Productivity Growth". NBER Working Paper No. 7752. doi:10.3386/w7752.
- ^ Paperback. (n.d.). Retrieved December 07, 2020, from https://press.princeton.edu/books/paperback/9780691175805/the-rise-and-fall-of-american-growth
Last edited on 21 January 2021, at 09:27
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