Are the pessimists right about America’s slow-growth future?

In his big new book on the history and future of innovation, Northwestern University economist Robert Gordon argues that information technology is a spent force. Computers and networks just aren’t as powerful as previous inventions, he argues, and the U.S. should expect another 25 years of relative stagnation. He thinks productivity growth up to 2040 will be just half our …

Remember Peak Oil?

During the “energy crisis” of 2006, we wrote the following Wall Street Journal commentary, hoping to calm fears of “peak oil” and other nonsense that often accompanies big price swings. We said oil prices likely would recede. We said vast stores of oil, especially in shale, were about to be found and extracted. We said alternative energy schemes in part justified by high …

Moore’s Law: A 50th Anniversary Assessment

See our celebration of the 50th anniversary of Moore’s Law — “Moore’s Law Exceeded Moore’s Expectations.” And for a longer treatment, see our 19-page paper — “Moore’s Law: A 50th Anniversary Assessment.”