Student of Applied Mathematics - Economics here. I took a class with Oded Galor, the primary proponent of Unified growth theory [1], a single model that describ

Student of Applied Mathematics - Economics here. I took a class with Oded Galor, the primary proponent of Unified growth theory [1], a single model that describes the transition from the Maltusian trap [2] to an era of rapid growth, and finally a transition to a sustained growth regime. According to this economic growth model, the United States has already reached the sustained growth regime - meaning that we can expect continued growth of, say, 1-2% for eternity. Economic growth is NOT faster than exponential in a sustained growth steady-state. Do some googling for long-term economic forecasts, and you will find much research that supports low single-percent growth for the 21st century [3] [1] http://en.wikipedia.org/wiki/Unified_growth_theory http://en.wikipedia.org/wiki/Unified_growth_theory [2] http://en.wikipedia.org/wiki/Malthusian_trap http://en.wikipedia.org/wiki/Malthusian_trap [3] http://www.economist.com/blogs/buttonwood/2012/11/economic-outlook http://www.economist.com/blogs/buttonwood/2012/11/economic-o...