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BPEA Article

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

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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.



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