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Matches in DBpedia 2015-10 for { ?s ?p "The Great Stagnation: How America Ate All the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better is a pamphlet by Tyler Cowen published in 2011. It argues that the American economy has reached a historical technological plateau and the factors which drove economic growth for most of America's history are mostly spent. These figurative "low-hanging fruit" from the title include the cultivation of much free, previously unused land; the application and spread of technological breakthroughs, particularly during the period 1880–1940, including transport, refrigeration, electricity, mass communications, and sanitation; and the education of large numbers of smart people who previously received none.Cowen, a professor of Economics at George Mason University, looks to these factors to explain the stagnation in the median, or middle, American wage since 1973. Analysis has set the "Great Stagnation" idea against the "Great Divergence", a set of explanations which blame rising income inequality and globalization for the stall. Related debates have examined whether the internet's effect has yet been fully realized in production, if its users enjoy a significant consumer surplus, and how it might be further integrated into the economy. The final set of questions concerns appropriate policy responses to the problem.The pamphlet is 15,000 words long and was first published in January 2011 as an electronic book, priced at USD$4. A hardback version, which Cowen dubbed "the retrogression", was published in June 2011. While not all reviewers agreed with Cowen's thesis and arguments the book was largely welcomed as timely and skilled in framing the debate around the future of the American economy."@en }

• The_Great_Stagnation abstract "The Great Stagnation: How America Ate All the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better is a pamphlet by Tyler Cowen published in 2011. It argues that the American economy has reached a historical technological plateau and the factors which drove economic growth for most of America's history are mostly spent. These figurative "low-hanging fruit" from the title include the cultivation of much free, previously unused land; the application and spread of technological breakthroughs, particularly during the period 1880–1940, including transport, refrigeration, electricity, mass communications, and sanitation; and the education of large numbers of smart people who previously received none.Cowen, a professor of Economics at George Mason University, looks to these factors to explain the stagnation in the median, or middle, American wage since 1973. Analysis has set the "Great Stagnation" idea against the "Great Divergence", a set of explanations which blame rising income inequality and globalization for the stall. Related debates have examined whether the internet's effect has yet been fully realized in production, if its users enjoy a significant consumer surplus, and how it might be further integrated into the economy. The final set of questions concerns appropriate policy responses to the problem.The pamphlet is 15,000 words long and was first published in January 2011 as an electronic book, priced at USD$4. A hardback version, which Cowen dubbed "the retrogression", was published in June 2011. While not all reviewers agreed with Cowen's thesis and arguments the book was largely welcomed as timely and skilled in framing the debate around the future of the American economy.".