New goods are at the heart of economic progress. The eleven essays in this volume include historical treatments of new goods and their diffusion; practical exercises in measurement addressed to recent and ongoing innovations; and real-world methods of devising quantitative adjustments for...

Frontmatter -- Contents -- Introduction / Hulten, Charles R. / Ramey, Valerie A. -- I. The Macroeconomic Link between Education and Real GDP Growth -- 1. Educational Attainment and the Revival of US Economic Growth / Jorgenson, Dale W. / Ho, Mun S. / Samuels, Jon D. -- 2. The Outlook for US...