This publication presents the text from the Productivity Conference that focused on productivity growth--its driving forces, impact, and future. "Introduction" (Elaine L. Chao) covers topics of the three panels. Panel 1, "Is There a Productivity Miracle?" (Kevin Hassett, moderator) examines whether recent productivity gains can be characterized as miracles, and, if so, what caused them and what impact they had on the economy. Kathleen Utgoff gives a summary of how the Bureau of Labor Statistics measures productivity. R. Glenn Hubbard discusses factors leading to more rapid growth of total factor productivity. Steve Oliner presents an optimistic view of future productivity growth. Frank Lichtenberg talks about biomedical innovation and productivity growth. Panel 2, "Productivity and Jobs" (Ben J. Wattenberg, moderator) begins with Martin Baily's comments on acceleration of productivity growth. Jared Bernstein covers the relationship between growth and unemployment and the unemployment rate associated with stable inflation. Edmund Phelps discusses whether the natural rate of unemployment is pulled down by faster productivity growth. Dick Davidson covers these two drivers of productivity improvement: technology and adoption of quality principles and processes. Marilyn Carlson Nelson proposes that productivity improvements are due to a more highly motivated and empowered workforce. Alan Greenspan's address focuses on a significant step up in productivity growth despite difficult adjustments the economy has been undergoing. Panel 3, "The Future of Productivity" (James K. Glassman, moderator) discusses prospects for productivity growth and productivity's impact on worker safety. J.T. Battenberg III proposes that improving health and safety metrics improves productivity and quality. Greg Bentley emphasizes that information technology's productivity contributions are constant and sustainable. Phillip Bond believes the future of productivity hinges on the speed to adopt new technologies. Henrietta Holsman Fore addresses the importance of quality of life for employees. George Halvorson covers productivity in American healthcare. Elaine L. Chao makes closing remarks. (YLB)