Most prominently, Joel Mokyr, Erik Brynjolfsson and Andrew McAfee argue that, given recent advances in robotics, genetic modifications, 3D printing, and further innovative technologies, we stand at the cusp of a new industrial revolution. 16 This scenario is certainly desirable.
But, as Robert Gordon has also pointed out: even if innovation is not slowing in absolute terms, global economy is still facing  13  See Gordon, R.J. (2016), “The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War”, Princeton University Press.