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Peer reviewedBaily, Martin Neil – Science, 1986
Traces the decline in United States productivity growth since the late 1960's. Suggests that the failure to innovate, changing demographics, and disruptions to the economy (including oil price increases and inflation) are major contributors to the decline. Argues that American living standards will stagnate unless this trend is reversed. (TW)
Descriptors: Capital Outlay (for Fixed Assets), Demography, Economic Change, Economic Factors
