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Dietrich Vollrath

@dietrich-vollrath · 5 positions · 0 changes of mind

Growth economist at the University of Houston and author of Fully Grown, which argues that the slowdown in rich-world growth is mostly the consequence of success rather than of failure. He blogs about growth accounting at growthecon.com.

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  1. Our reading

    Before about 1870 every burst of productivity growth was eaten by a burst of population growth, leaving living standards where they were.

    Their wordsPrior to this inflection point, productivity growth had increased before, but every time had induced a response of higher population growth rates, eroding any gains in per-person living standards.

    ↗Review of DeLong's "Slouching Towards Utopia"growthecon.com 1st of 5 in this piece

    Interesting

  3. Our reading

    The fall in fertility deserves equal billing with the research lab, the corporation and globalisation in the story of modern growth.

    Their wordsWhat I’m nitpicking here is that this decline in fertility deserves equal billing with the research lab, corporation, and globalization.

    ↗Review of DeLong's "Slouching Towards Utopia"growthecon.com 2nd of 5 in this piece

    Interesting

  5. Our reading

    Sustained growth in living standards required productivity to accelerate and population growth to fall at the same time.

    Their wordsIt was an acceleration in productivity combined with a decline in population growth that put us on a slow trudge towards utopia.

    ↗Review of DeLong's "Slouching Towards Utopia"growthecon.com 3rd of 5 in this piece

    Interesting

  7. Our reading

    The research lab, the corporation and globalisation could not have produced sustained growth without the fall in fertility beside them.

    Their wordsWithout this anti-Malthusian response the research lab, corporation, and globalization cannot provide sustained growth.

    ↗Review of DeLong's "Slouching Towards Utopia"growthecon.com 4th of 5 in this piece

    Interesting

  9. Our reading

    What broke the Malthusian trap was that productivity growth raised the price of bringing a child to adulthood.

    Their wordsThe key change is that productivity growth, starting around 1870, reached down and profoundly raised the price of bringing a child to adulthood.

    ↗Review of DeLong's "Slouching Towards Utopia"growthecon.com 5th of 5 in this piece

    Interesting