We’re in a depressing era in which innovation has slowed and living standards are barely rising. That’s what some skeptical economists believe.
The truth is, this isn’t a debate that can be settled objectively.
Which was a more important innovation: indoor plumbing, jet air travel or mobile phones? You could argue for any of them, and data can tell plenty of different stories depending on how you look at it.
Productivity statistics or information on inflation-adjusted incomes is helpful, but can’t really tell you whether the advent of air-conditioning or the Internet did more to improve humanity’s quality of life.
This tour is both inspired by and reliant on Robert J. Gordon’s authoritative examination of innovation through the ages, “The Rise and Fall of American Growth,” published this year.
These are portraits of each point in time, culled from Mr. Gordon’s research; you can decide for yourself which era is truly most transformative.
For the full New York Times story, click here.