In the conventional neoclassical growth model, technical change is generally characterized as “purely labor-augmenting,” a restriction that limits modern civilization to super-humans living in the Stone Age. As a novel and radical departure from conventional growth theory, the model...

While understood as the essence of long-run economic growth, existing conceptions of technical change nonetheless tend to be “unbelievable” and antiquated in relation to our present state of scientific knowledge. This paper views technical change as the remixing of the most fundamental...

This paper formulates a novel growth accounting framework that attempts to achieve several objectives. The first is to build a bridge between growth accounting and growth theory by resolving their asymmetric interpretations of technical change and the fundamental “sources” of growth. This...