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The Great Stagnation: How America Ate All The Lowhanging Fruit Of Modern History, Got Sick, And Will (Eventually) Feel Better,New
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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 Lowhanging Fruit Since The Seventeenth Century: Free Land, Immigrant Labor, And Powerful New Technologies. But During The Last Forty Years, The Lowhanging Fruit Started Disappearing, And We Started Pretending It Was Still There. We Have Failed To Recognize That We Are At A Technological Plateau. Th
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- Q: What is the main theme of 'The Great Stagnation'? A: The main theme of 'The Great Stagnation' is the analysis of America's economic stagnation, focusing on how the country has exhausted its sources of economic growth and the implications of this for the future.
- Q: Who is the author of this book? A: The author of 'The Great Stagnation' is Tyler Cowen, an economist known for his insights into economic conditions and policies.
- Q: When was 'The Great Stagnation' published? A: The book was published on June 9, 2011.
- Q: What is the format of the book? A: The book is available in hardcover format.
- Q: How many pages does 'The Great Stagnation' have? A: The book contains 128 pages.
- Q: What condition is the book in? A: This particular copy of 'The Great Stagnation' is in very good condition.
- Q: What kind of insights can I expect from the book? A: Readers can expect insights into economic history, the challenges of contemporary economic policies, and the factors contributing to America's economic stagnation.
- Q: Is there a specific audience for this book? A: The book is geared towards readers interested in economics, public policy, and those looking to understand the current economic climate in America.
- Q: Does the book provide solutions to economic issues? A: While the book outlines the problems leading to stagnation, it also discusses potential avenues for improvement, although it does not offer definitive solutions.
- Q: What is the significance of the term 'low-hanging fruit' in the book? A: The term 'low-hanging fruit' refers to the easily accessible resources and opportunities that have historically fueled economic growth, which have now largely diminished.