The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better: A Penguin eSpecial from Dutton

I don’t think there’s an automatic rule that it’s seven years. When you look at the economy, you always look for the potholes. We did see potholes in 2007, in 2008, in leverage and mortgage. There are no real potholes there now. Fifteen million more people are working. Wages are going up. Stock prices are much higher than where they were. We need t

falling public expenditures on research and development (R&D) as a share of gross domestic product (GDP), especially in information technology.

Consider what Kuhn famously argued: that a paradigm shift happens when we encounter anomalies that can’t be explained by the paradigm responsible for progress thereto. So here’s our anomaly: that industrial-age wealth hasn’t neatly powered lives lived meaningfully well; that near-term profit, gross product, and hyperconsumption haven’t produced a f

The very success of economic growth in the Digital Age has laid several traps for an unwary world. The world economy is producing vast wealth, but failing in three other dimensions of sustainable development. Inequalities are soaring, in part because of the differential effects of digital technologies on high-skilled and low-skilled workers. Enviro