Is the Economic Growth of America Almost Over?

Inhaltsverzeichnis (Table of Contents)

• Introduction
• Main Part: Importance of the Great Inventions from 1870 to 1940
  • Housing: From Dark and Secluded to Bright and Networked
  • Mobility: Transportation and its Improvements
  • Entertainment: Information, Communication, and Entertainment
• Importance of the Great Inventions from 1940 to 2015
  • Transformation of Housing
  • Mobility: Attempts to Copy the German Autobahn
  • Entertainment: Improvements through the Mainframe and PC
• Comparison: Why are Inventions Important
  • Why was Electricity Important
  • Why was Water Flow Important?
  • Transportation: Railroads to Automobiles
  • Role of Air Travel
  • Role of Mainframes and Early Networks
• Analysis
  • Rise and Fall of Total Factor Productivity (TFP)
  • Rise and Fall of Gross Domestic Product (GDP)
  • Correlation between Electricity and GDP
  • Role of Motor Vehicles in the Economy
  • Social and Economic Benefits of Airplanes
  • Decline in Improvements in Entertainment
• Importance of Future Inventions
  • Autonomous Driving
    • Economic Benefits of Autonomous Vehicles
  • Hyperloop Transportation
    • Economic and Productivity Benefits of the Hyperloop
  • The Smart Home
• Conclusion

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This thesis examines the impact of major inventions on the economic growth of the United States, particularly in the areas of housing, mobility, and entertainment. The author explores the historical context of these inventions, analyzes their contributions to Total Factor Productivity (TFP) and Gross Domestic Product (GDP), and considers the potential for future innovations to stimulate economic growth.

• The significance of "Great Inventions" in driving economic growth in the United States.
• The evolution of housing, mobility, and entertainment technologies and their respective impacts on TFP and GDP.
• The historical context and economic benefits of key innovations like electricity, automobiles, airplanes, and computers.
• A comparative analysis of the importance of inventions across different periods.
• An exploration of future technologies such as autonomous vehicles, hyperloop transportation, and smart homes, and their potential for economic growth.

Zusammenfassung der Kapitel (Chapter Summaries)

The introduction sets the stage for the thesis by highlighting the transformative impact of key inventions, particularly electricity and the internal combustion engine, on American society and economic development. It argues that while inventions can lead to exponential growth, such growth may not be continuous. The paper delves into the historical background of various inventions, focusing on their development and impact in the period from 1870 to 1940. These inventions, ranging from housing improvements to advancements in mobility and entertainment, are analyzed in detail, outlining their significance and contributions to the evolution of American society. The paper further explores the importance of these inventions in the period from 1940 to 2015, examining the continuation and further development of these technological advancements.

The analysis section explores the relationship between inventions and economic growth. It investigates the rise and fall of Total Factor Productivity (TFP) and Gross Domestic Product (GDP), analyzing the correlation between specific inventions, such as electricity and motor vehicles, and these key economic indicators. The paper discusses the social and economic benefits of various inventions, highlighting their impact on living standards and societal progress. Finally, the paper examines the potential of future inventions, such as autonomous vehicles, hyperloop transportation, and smart homes, to contribute to economic growth and improve quality of life.

Schlüsselwörter (Keywords)

This thesis focuses on the relationship between economic growth, innovation, and technological advancements in the United States. Key concepts include Total Factor Productivity (TFP), Gross Domestic Product (GDP), housing, mobility, entertainment, electricity, automobiles, airplanes, computers, autonomous vehicles, hyperloop transportation, and smart homes. The author explores the historical context of these inventions and their impact on economic development.