MIT Professor of Economics Jerry Hausman delivers 2016 Bateman Lecture

Future Productivity: Pessimistic and Optimistic Viewpoints

Productivity is among the most important determinants of wages and economic welfare. Measured productivity growth in most large economies has decreased to very low levels in the last decade. Some analysts have pointed to this development and the slowdown in Moore’s Law to reach pessimistic conclusion about future productivity growth. At the same time advances in biotech and artificial intelligence may lead to important advances in productivity and economic welfare. Prof. Hausman will consider both views and explain what he sees as the likely future of productivity.

This is a public lecture presented by the UWA Business School.