The 17 seminal essays by Robert J. Gordon collected here, including three previously unpublished works, offer views on the principal topics of macroeconomics - namely, growth, inflation, and unemployment. The author re-examines their salient points in a creative, accessible introduction that...

Thomas Piketty’s Capital in the Twenty-First Century is the most widely discussed work of economics in recent history, selling millions of copies in dozens of languages. But are its analyses of inequality and economic growth on target? Where should researchers go from here in exploring the...

A prominent headline in today's New York Times (January 29, 2011, p. B1) announces that “U.S. Economic Growth Bounces Back to Rate Seen Before Recession.” We know exactly what this means. Nevertheless the phrase irritates me, and I am not sure whether I am defending clarity and precision or...

Sraffian's concept or metaphor of a “pool profits” is theoretically pointless and empirically irrelevant. The appropriate calculation is the variation of the equilibrium price vector along the factor price frontier.