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Robert Humphreys's avatar

I suggest that there is a glaring omission in this list and that is a book that discusses the relationship between innovation and growth of our economy, or in fact, any book that presents an overview of the abundance that we, as Americans enjoy and take for granted or even view as a right. My book suggestion is Robert Gordon’s masterpiece "The Rise and Fall of American Growth". Gordon’s book requires no technical expertise to read and understand and teaches effectively that virtually all major innovations that improved American living standards in ways unimaginable before the Civil War occurred prior to 1950. The radical improvement in longevity and drop in infant mortality we enjoyed between the late 19th century and mid-20th centuries have stopped and, perhaps in the case of longevity, reversed. Since then, real growth has been far harder to come by, particularly over the past two to three decades even as our digital world has expanded massively.

These facts are worth recognizing and pondering by future leaders of this country, no matter what their chosen subject and career. There has never been a time when this country needed more a prolonged period of rapid, real economic growth than now as we watch our national debt and government budget deficits grow by trillions with no end in sight and little political or public will to do anything about it. We have a legal and regulatory environment that stifles growth and an education system that cannot deliver the knowledgeable workers we will need to compete effectively in the 21st century. Whether University of Austin students are interested in the humanities, social science, or STEM, they should graduate with an appreciation for the relationship between the abundance we enjoy and take for granted and the requirement for innovation and growth to ensure that their progeny will have the same privilege. After all, irrespective of their walk in life, they will be the voters who will pick the leaders with the qualities required to lead us to an even more prosperous future…or not.

The Buffington Brief's avatar

Thanks for this post. Love the amount of Asimov!

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