7 End of Urbanization
Benanav
Contemporary stagnationists cite a number of tendencies to support their belief that we live in an era in which the growth potential of the economy has ratcheted downward. Robert Gordon, like Smith and Keynes, believes that we have done the main work of equipping rich Western societies with plant and equipment, as signaled by the end of urbanization, that is, the end of the build-out of residential construction.