Hearts and Minds: A Social Model of U.S. Productivity Growth

Thomas E. Weisskopf,

TEW

Thomas E. Weisskopf University of Michigan

David M. Gordon, and

DMG

David M. Gordon New School for Social Research

Samuel Bowles

SB

Samuel Bowles University of Massachusetts at Amherst

Martin Neil Baily and

Martin Neil Baily Senior Fellow Emeritus - Economic Studies, Center on Regulation and Markets

Albert Rees

AR

Albert Rees

MOST ECONOMISTS agree that the slowdown in aggregate productivity growth in the United States since the mid-1960s has played a pivotal role in the poor performance of the U.S. economy. And yet, “despite numerous studies of the slowdown,” BPEA editors William C. Brainard and George L. Perry conclude, “its causes have remained largely a mystery.