Lo Fruts no More
in much talked about economics book Tyler Cowen advances a Stagnation Theory - the productivity curve is flattening out, there are few new ideas and most easy gains - the "low hanging fruit" - have been exploited. this would explain the prolonged slump in living standards of mid-America, rather than the growing divergence in wages.
text by Ryan Avent.
made: 2011-03-02
