The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better
by Tyler Cowen
Description
In this provocative analysis, Tyler Cowen argues that the economic stagnation of recent decades stems from the depletion of "low-hanging fruit" – the readily available resources and innovations that fueled past prosperity. Since the seventeenth century, factors like free land, abundant immigrant labor, and transformative technologies propelled growth, but these advantages have largely diminished over the last forty years. Cowen contends that our current economic and political challenges arise from a failure to acknowledge this technological plateau and a continued reliance on outdated assumptions about growth. This influential work not only diagnoses the root causes of our economic malaise but also offers a compelling vision for generating future prosperity through a renewed focus on impactful scientific innovation.
Available Editions
paperback
Penguin
Published Jan 25, 2011
98 pages
ISBN: 9781101502259
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Details
First Published
2011
Language
eng
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