Saturday, February 12, 2011

The Great Stagnation

"At $4 and the length of two New Yorker articles, Tyler Cowen's 15,000-word ebook 'The Great Stagnation' is well worth the time and money.

The basic thesis of the book is that advanced economies are slowing down because the pace of innovation is slowing down. It's because in the 20th century, we benefited from, in Cowen's words, a lot of 'low-hanging fruit' before, and that fruit is picked."

Worth A Look: Tyler Cowen's 'The Great Stagnation'

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