total factor productivity

Our Dollar, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance, and the Road Ahead

by Kenneth Rogoff  · 27 Feb 2025  · 330pp  · 127,791 words

broad evidence suggesting that China’s rate of productivity growth has steadily slowed in recent years; indeed, controlling for investment inputs, China’s total factor productivity has slowed markedly.14 (Total factor productivity measures how much output a country is getting out of its existing labor and capital stock.) With gains in productivity quite limited, China

Cogs and Monsters: What Economics Is, and What It Should Be

by Diane Coyle  · 11 Oct 2021  · 305pp  · 75,697 words

over to others. But this important insight has had a perhaps surprisingly limited impact. In particular, the workhorse growth accounting approach to the measurement of total factor productivity assumes constant returns to scale at an aggregate level. Part of the ‘productivity puzzle’ is that in the constant-returns world assumed in these growth

Platform Capitalism

by Nick Srnicek  · 22 Dec 2016  · 116pp  · 31,356 words

. All this sets the scene for today’s economy. Notes 1. Unless otherwise stated in the text, ‘productivity’ will refer to labour productivity rather than total factor productivity. 2. The following paragraph summarises Robert Brenner’s insights in Brenner, 2007. 3. Braverman, 1999. 4. Piketty, 2014; Gordon, 2000; Glyn, Hughes, Lipietz, and Singh

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labour productivity grew by 2.6 per cent annually, but since the crisis the trend has been downwards to around 2.0 per cent.41 Total factor productivity is even lower, at about zero per cent growth in the past few years – a trend that holds in nearly every major economy.42 In

The Fourth Revolution: The Global Race to Reinvent the State

by John Micklethwait and Adrian Wooldridge  · 14 May 2014  · 372pp  · 92,477 words

. Adrian Wooldridge, “The Visible Hand: A Special Report on State Capital­ism,” The Economist, January 21, 2012. An OECD paper in 2005 noted that the total-factor productivity of private companies is twice that of state companies. A study by the McKinsey Global Institute in the same year found that companies in which

Straight Talk on Trade: Ideas for a Sane World Economy

by Dani Rodrik  · 8 Oct 2017  · 322pp  · 87,181 words

the early 1980s. But the public sector continues to play an important role. The government has had to step in as both private investment and total factor productivity growth have faltered in recent years. These days it is public investment on infrastructure that helps maintain India’s growth momentum. “I think two sectors

The Knowledge Economy

by Roberto Mangabeira Unger  · 19 Mar 2019  · 268pp  · 75,490 words

productivity chart the dimension of this slowdown. Consider the well-studied example of the US economy. From 1947 to 1972, labor productivity, which roughly tracks total factor productivity, rose in the United States by an average of 2.8 percent a year; from 1972 to 1994 by 1.5 percent a year; from

Same as Ever: A Guide to What Never Changes

by Morgan Housel  · 7 Nov 2023  · 210pp  · 53,743 words

forgotten story of the ’30s that helps explain a lot of why the rest of the twentieth century was so prosperous. Here are the numbers: total factor productivity—that’s economic output relative to the number of hours people worked and the amount of money invested in the economy—hit levels not seen

Shocks, Crises, and False Alarms: How to Assess True Macroeconomic Risk

by Philipp Carlsson-Szlezak and Paul Swartz  · 8 Jul 2024  · 259pp  · 89,637 words

growth is far more complex than labor’s or capital’s. Labor means more bodies; capital means IP and machines. What economists call multifactor (or total factor) productivity is literally the residual. Definitionally it is making more value per unit of input. Think of it as simply doing things better. Of course, that

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commonly measured in two different ways. One is labor productivity, which corresponds to the real output per hour of work. The other is multifactor or total factor productivity (TFP), which looks to see how much real output is made after accounting for labor inputs and capital inputs. In general, we are referring to

The Tyranny of Metrics

by Jerry Z. Muller  · 23 Jan 2018  · 204pp  · 53,261 words

those who think outside the box. Costs to productivity. Economists who specialize in measuring economic productivity report that in recent years the only increase in total factor productivity in the American economy has been in the information-technology-producing industries.11 A question that ought to be asked is to what extent the

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, 2013), p. 269. 10. Similarly, Scott, Seeing Like a State, p. 313. 11. According to Dale Jorgenson of Harvard, the only source of growth of total factor productivity was in IT-producing industries. Dale W. Jorgenson, Mun Ho, and Jon D. Samuels, “The Outlook for U.S. Economic Growth,” in Brink Lindsey (ed

The Capitalist Manifesto

by Johan Norberg  · 14 Jun 2023  · 295pp  · 87,204 words

, ever more money is needed to get any growth out of it. After rising 1.1 per cent annually from 1982 to 2010, growth in total factor productivity (what you can squeeze out of the resources you use) declined by 0.6 per cent during the period 2011–2019.21 In addition, the

Give People Money

by Annie Lowrey  · 10 Jul 2018  · 242pp  · 73,728 words

The Fourth Industrial Revolution

by Klaus Schwab  · 11 Jan 2016  · 179pp  · 43,441 words

Hopes and Prospects

by Noam Chomsky  · 1 Jan 2009

After the New Economy: The Binge . . . And the Hangover That Won't Go Away

by Doug Henwood  · 9 May 2005  · 306pp  · 78,893 words

The Upside of Inequality

by Edward Conard  · 1 Sep 2016  · 436pp  · 98,538 words

Reimagining Capitalism in a World on Fire

by Rebecca Henderson  · 27 Apr 2020  · 330pp  · 99,044 words

EuroTragedy: A Drama in Nine Acts

by Ashoka Mody  · 7 May 2018

Restarting the Future: How to Fix the Intangible Economy

by Jonathan Haskel and Stian Westlake  · 4 Apr 2022  · 338pp  · 85,566 words

The Sirens' Call: How Attention Became the World's Most Endangered Resource

by Chris Hayes  · 28 Jan 2025  · 359pp  · 100,761 words

The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism

by Arun Sundararajan  · 12 May 2016  · 375pp  · 88,306 words

The Growth Delusion: Wealth, Poverty, and the Well-Being of Nations

by David Pilling  · 30 Jan 2018  · 264pp  · 76,643 words

Winds of Change

by Peter Hennessy  · 27 Aug 2019  · 891pp  · 220,950 words

The Relentless Revolution: A History of Capitalism

by Joyce Appleby  · 22 Dec 2009  · 540pp  · 168,921 words

The Complacent Class: The Self-Defeating Quest for the American Dream

by Tyler Cowen  · 27 Feb 2017  · 287pp  · 82,576 words

Crisis and Leviathan: Critical Episodes in the Growth of American Government

by Robert Higgs and Arthur A. Ekirch, Jr.  · 15 Jan 1987

The Great Reset: How the Post-Crash Economy Will Change the Way We Live and Work

by Richard Florida  · 22 Apr 2010  · 265pp  · 74,941 words

Culture and Prosperity: The Truth About Markets - Why Some Nations Are Rich but Most Remain Poor

by John Kay  · 24 May 2004  · 436pp  · 76 words

Getting Better: Why Global Development Is Succeeding--And How We Can Improve the World Even More

by Charles Kenny  · 31 Jan 2011  · 272pp  · 71,487 words

The Levelling: What’s Next After Globalization

by Michael O’sullivan  · 28 May 2019  · 756pp  · 120,818 words

The Economics of Belonging: A Radical Plan to Win Back the Left Behind and Achieve Prosperity for All

by Martin Sandbu  · 15 Jun 2020  · 322pp  · 84,580 words

The Great Economists: How Their Ideas Can Help Us Today

by Linda Yueh  · 15 Mar 2018  · 374pp  · 113,126 words

Seven Crashes: The Economic Crises That Shaped Globalization

by Harold James  · 15 Jan 2023  · 469pp  · 137,880 words

Boom: Bubbles and the End of Stagnation

by Byrne Hobart and Tobias Huber  · 29 Oct 2024  · 292pp  · 106,826 words

Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

by Daron Acemoglu and Simon Johnson  · 15 May 2023  · 619pp  · 177,548 words

The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies

by Erik Brynjolfsson and Andrew McAfee  · 20 Jan 2014  · 339pp  · 88,732 words

Boom and Bust: A Global History of Financial Bubbles

by William Quinn and John D. Turner  · 5 Aug 2020  · 297pp  · 108,353 words

Enlightenment Now: The Case for Reason, Science, Humanism, and Progress

by Steven Pinker  · 13 Feb 2018  · 1,034pp  · 241,773 words

The Impulse Society: America in the Age of Instant Gratification

by Paul Roberts  · 1 Sep 2014  · 324pp  · 92,805 words

The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality

by Brink Lindsey  · 12 Oct 2017  · 288pp  · 64,771 words

Capitalism Without Capital: The Rise of the Intangible Economy

by Jonathan Haskel and Stian Westlake  · 7 Nov 2017  · 346pp  · 89,180 words

Capitalism in America: A History

by Adrian Wooldridge and Alan Greenspan  · 15 Oct 2018  · 585pp  · 151,239 words

The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics

by William R. Easterly  · 1 Aug 2002  · 355pp  · 63 words

Against Intellectual Monopoly

by Michele Boldrin and David K. Levine  · 6 Jul 2008  · 607pp  · 133,452 words

Bourgeois Dignity: Why Economics Can't Explain the Modern World

by Deirdre N. McCloskey  · 15 Nov 2011  · 1,205pp  · 308,891 words

European Spring: Why Our Economies and Politics Are in a Mess - and How to Put Them Right

by Philippe Legrain  · 22 Apr 2014  · 497pp  · 150,205 words

The New Harvest: Agricultural Innovation in Africa

by Calestous Juma  · 27 May 2017

The Theft of a Decade: How the Baby Boomers Stole the Millennials' Economic Future

by Joseph C. Sternberg  · 13 May 2019  · 336pp  · 95,773 words

Red Flags: Why Xi's China Is in Jeopardy

by George Magnus  · 10 Sep 2018  · 371pp  · 98,534 words

The Technology Trap: Capital, Labor, and Power in the Age of Automation

by Carl Benedikt Frey  · 17 Jun 2019  · 626pp  · 167,836 words

What Would the Great Economists Do?: How Twelve Brilliant Minds Would Solve Today's Biggest Problems

by Linda Yueh  · 4 Jun 2018  · 453pp  · 117,893 words

Human Frontiers: The Future of Big Ideas in an Age of Small Thinking

by Michael Bhaskar  · 2 Nov 2021

The End of Indexing: Six Structural Mega-Trends That Threaten Passive Investing

by Niels Jensen  · 25 Mar 2018  · 205pp  · 55,435 words

The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival

by Charles Goodhart and Manoj Pradhan  · 8 Aug 2020  · 438pp  · 84,256 words

Civilization: The West and the Rest

by Niall Ferguson  · 28 Feb 2011  · 790pp  · 150,875 words

The Age of Turbulence: Adventures in a New World (Hardback) - Common

by Alan Greenspan  · 14 Jun 2007

The Entrepreneurial State: Debunking Public vs. Private Sector Myths

by Mariana Mazzucato  · 1 Jan 2011  · 382pp  · 92,138 words

Fully Grown: Why a Stagnant Economy Is a Sign of Success

by Dietrich Vollrath  · 6 Jan 2020  · 295pp  · 90,821 words

Good Economics for Hard Times: Better Answers to Our Biggest Problems

by Abhijit V. Banerjee and Esther Duflo  · 12 Nov 2019  · 470pp  · 148,730 words

The Measure of Progress: Counting What Really Matters

by Diane Coyle  · 15 Apr 2025  · 321pp  · 112,477 words

The Price of Time: The Real Story of Interest

by Edward Chancellor  · 15 Aug 2022  · 829pp  · 187,394 words

The Rise and Fall of American Growth: The U.S. Standard of Living Since the Civil War (The Princeton Economic History of the Western World)

by Robert J. Gordon  · 12 Jan 2016  · 1,104pp  · 302,176 words

The Long Good Buy: Analysing Cycles in Markets

by Peter Oppenheimer  · 3 May 2020  · 333pp  · 76,990 words

The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor

by David S. Landes  · 14 Sep 1999  · 1,060pp  · 265,296 words

Why Information Grows: The Evolution of Order, From Atoms to Economies

by Cesar Hidalgo  · 1 Jun 2015  · 242pp  · 68,019 words

What's Next?: Unconventional Wisdom on the Future of the World Economy

by David Hale and Lyric Hughes Hale  · 23 May 2011  · 397pp  · 112,034 words

India's Long Road

by Vijay Joshi  · 21 Feb 2017

The Rise and Fall of Nations: Forces of Change in the Post-Crisis World

by Ruchir Sharma  · 5 Jun 2016  · 566pp  · 163,322 words

Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth

by Michael Jacobs and Mariana Mazzucato  · 31 Jul 2016  · 370pp  · 102,823 words

Falling Behind: Explaining the Development Gap Between Latin America and the United States

by Francis Fukuyama  · 1 Jan 2006

The Great Reversal: How America Gave Up on Free Markets

by Thomas Philippon  · 29 Oct 2019  · 401pp  · 109,892 words

What We Owe the Future: A Million-Year View

by William MacAskill  · 31 Aug 2022  · 451pp  · 125,201 words

More From Less: The Surprising Story of How We Learned to Prosper Using Fewer Resources – and What Happens Next

by Andrew McAfee  · 30 Sep 2019  · 372pp  · 94,153 words

Why Stock Markets Crash: Critical Events in Complex Financial Systems

by Didier Sornette  · 18 Nov 2002  · 442pp  · 39,064 words

The Age of Stagnation: Why Perpetual Growth Is Unattainable and the Global Economy Is in Peril

by Satyajit Das  · 9 Feb 2016  · 327pp  · 90,542 words

Profiting Without Producing: How Finance Exploits Us All

by Costas Lapavitsas  · 14 Aug 2013  · 554pp  · 158,687 words

Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined

by Lasse Heje Pedersen  · 12 Apr 2015  · 504pp  · 139,137 words

An Extraordinary Time: The End of the Postwar Boom and the Return of the Ordinary Economy

by Marc Levinson  · 31 Jul 2016  · 409pp  · 118,448 words

Modernising Money: Why Our Monetary System Is Broken and How It Can Be Fixed

by Andrew Jackson (economist) and Ben Dyson (economist)  · 15 Nov 2012  · 363pp  · 107,817 words

The Rise of the Network Society

by Manuel Castells  · 31 Aug 1996  · 843pp  · 223,858 words

Debunking Economics - Revised, Expanded and Integrated Edition: The Naked Emperor Dethroned?

by Steve Keen  · 21 Sep 2011  · 823pp  · 220,581 words

Economic Origins of Dictatorship and Democracy

by Daron Acemoğlu and James A. Robinson  · 28 Sep 2001

Grand Transitions: How the Modern World Was Made

by Vaclav Smil  · 2 Mar 2021  · 1,324pp  · 159,290 words

The Tyranny of Nostalgia: Half a Century of British Economic Decline

by Russell Jones  · 15 Jan 2023  · 463pp  · 140,499 words

The Meritocracy Trap: How America's Foundational Myth Feeds Inequality, Dismantles the Middle Class, and Devours the Elite

by Daniel Markovits  · 14 Sep 2019  · 976pp  · 235,576 words

Growth: From Microorganisms to Megacities

by Vaclav Smil  · 23 Sep 2019

The Innovation Illusion: How So Little Is Created by So Many Working So Hard

by Fredrik Erixon and Bjorn Weigel  · 3 Oct 2016  · 504pp  · 126,835 words