The great stagnation : how America ate all the low-hanging fruit of modern history, got sick, and will (eventually) feel better / Tyler Cowen.
2011
HC106.83 .C694 2011 (Mapit)
Available at General Collection
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Details
Title
The great stagnation : how America ate all the low-hanging fruit of modern history, got sick, and will (eventually) feel better / Tyler Cowen.
Author
Cowen, Tyler.
ISBN
9780525952718
0525952713
0525952713
Publication Details
New York : Dutton, 2011.
Language
English
Description
xiii, 109 p. : ill. ; 20 cm.
Call Number
HC106.83 .C694 2011
Dewey Decimal Classification
338
Summary
"...the eSpecial heard round the world that ignited a firestorm of debate and redefined the nature of our economic malaise is now--at last--a book. America has been through the biggest financial crisis since the Great Depression, unemployment numbers are frightening, median wages have been flat since the 1970s, and it is common to expect that things will get worse before they get better. Certainly, the multidecade stagnation is not yet over. How will we get out of this mess? One political party tries to increase government spending even when we have no good plan for paying for ballooning programs like Medicare and Social Security. The other party seems to think tax cuts will raise revenue and has a record of creating bigger fiscal disasters than the first. Where does this madness come from? As Cowen argues, our economy has enjoyed low-hanging fruit since the seventeenth century: free land, immigrant labor, and powerful new technologies. But during the last forty years, that low-hanging fruit started disappearing, and we started pretending it was still there. We have failed to recognize that we are at a technological plateau. The fruit trees are barer than we want to believe. That is what has gone wrong and that is why our politics is crazy. Cowen reveals the underlying causes of our past prosperity and how we will generate it again. This is a passionate call for a new respect for scientific enterprise and the pursuit of innovations that benefit not only powerful elites, but humanity as a whole."--Dust jacket flaps.
Bibliography, etc. Note
Includes bibliographical references and index.
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Table of Contents
The low-hanging fruit we ate: land, technology, and uneducated kids
Our new (not so) productive economy
Does the Internet change everything? Price, production, and revenue
The government of the low-hanging fruit: left, right, and upside down
Why did we have such a big financial crisis? Bankers, museum directors, you, and me
Can we fix things? The great difference then and now.
Our new (not so) productive economy
Does the Internet change everything? Price, production, and revenue
The government of the low-hanging fruit: left, right, and upside down
Why did we have such a big financial crisis? Bankers, museum directors, you, and me
Can we fix things? The great difference then and now.